SCHEDULETHE ARMED FORCES REDUNDANCY SCHEME 2020

PART 2Eligibility, entitlement and amount of compensation

Amount of payment: regulars on long service commitments leaving before EDP 2015 pointI19

1

This paragraph applies to an eligible person who—

a

has joined the regular forces on or after 1st April 2015,

b

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

c

ceases service before becoming entitled to EDP 2015 payments or reaching age 60.

2

The amount payable under paragraph 8(1) is 10.2% of the person’s final relevant earnings multiplied by the number of years of redundancy qualifying service served by the person (subject to a maximum of 20 years).