Armed Forces Pensions
I can confirm that, when the pension is dynamised, the lump sum is three times the higher amount.
The only times I can think of that the lump sum is not three times the pension are:
- if an AFPS 05 lump sum is inversely commuted (given up in favour of an increased pension);
- if an AFPS 05 pension has been allocated by the member for someone who is financially dependent upon him or her; and
- where a court makes an order following a divorce.