SCHEDULETHE ARMED FORCES REDUNDANCY SCHEME 2020

PART 4Special provision for eligible persons with AFPS 2005 service

Amount of payment: long service commitment – leaves before EDP 2005 pointI125

1

This paragraph applies to an eligible person who—

a

had their service continued to the end of their commitment period, would have reached age 60 or become entitled to EDP 2015 payments, and

b

actually ceases service before either reaching age 55 or becoming entitled to EDP 2005 payments,

and in this paragraph references to service are to redundancy qualifying service.

2

The amount payable under paragraph 8(1) is comprised of an AFRS 2006 style payment and an AFRS 2020 style payment.

3

The AFRS 2006 style payment is calculated as follows—

Step 1: If TS is less than or equal to 18, the result of step 1 is 18×F×TSmath
If TS exceeds 18, the result of step 1 is 18×F×18math

  • where—

    • F is final relevant earnings, and

    • TS is total service.

Step 2: take the result of step 1 and multiply by RSTSmath

  • where—

    • RS is AFRS 2006 relevant service, and

    • TS is total service.

4

The AFRS 2020 style payment is calculated as follows—

Step 1: 10.2% x F x TS

  • where—

    • F is final relevant earnings, and

    • TS is total service (to be no more than 20).

Step 2: take the result of step 1, and multiply by QTSmath

  • where—

    • Q is redundancy qualifying service, and

    • TS is total service.