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Written question asked by Lord Beamish (Labour) on Thursday, 14 March 2013, in the House of Commons. It was due for an answer on Monday, 18 March 2013. It was answered by Philip Dunne (Conservative) on Friday, 22 March 2013 on behalf of the Ministry of Defence.

Armed Forces: Pensions

Question

To ask the Secretary of State for Defence pursuant to the answer of 1 March 2013, Official Report, column 717W, on armed forces: redundancy, what calculation his Department has made of the average actuarial loss of pension income of those who have, since May 2010, been made redundant within one year of their intended pension point.

[148942]

Answer

I refer the hon. Member to the answer the Minister of State for Defence Personnel, Welfare and Veterans, my right hon. Friend the Member for Rayleigh and Wickford (Mr Francois), gave on 1 March 2013, Official Report, column 717W.

The Ministry of Defence has not calculated the average actuarial loss of pension income of those who have, since May 2010, been made redundant within one year of their immediate pension point.

The impact of not being eligible for immediate pension is offset by the compensation lump sum or special capital payment. The average tax free payment for service personnel terminating from service with less than one year to serve to their immediate pension point was £73,383. In addition, their pension benefits will be preserved for later payment.

Secondary information

Type
Written question
Reference
148942; 560 c827W
Session
2012-13
Related items
Armed Forces: Redundancy
Friday, 1 March 2013
Written questions
House of Commons
Subjects
Armed forces Pensions Redundancy
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk