New Pension Scheme
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Location: England
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New Redundancy Scheme Terms for AFPS05
The redundancy scheme terms for AFPS05, which will apply from 6 Apr 06, have been published in Statutory Instrument 2006 No 55, "The Armed Forces Redundancy Scheme Order 2006".
Go to http://www.opsi.gov.uk/si/si2006/20060055.htm to see an online copy.
Details are as expected, with the addition of a statutory cap on the redundancy lump sum at 50% of relevant earnings for a person who is made redundant when already entitled to count at least 40 years reckonable service for the purposes of AFPS05 (see Article 8).
Regards
Ginseng
Go to http://www.opsi.gov.uk/si/si2006/20060055.htm to see an online copy.
Details are as expected, with the addition of a statutory cap on the redundancy lump sum at 50% of relevant earnings for a person who is made redundant when already entitled to count at least 40 years reckonable service for the purposes of AFPS05 (see Article 8).
Regards
Ginseng
