PART 4THE ARMED FORCES RESETTLEMENT COMMUTATION SCHEME 2010

Resettlement Commutation29

1

A person may commute part of their pension, with restoration in full at age 55, to obtain an additional lump sum, subject to the following conditions—

a

they gave service on or after 31st March 1978;

b

they ceased to be in service with an immediate entitlement to pension other than ill health pension before the age of 55 years; and

c

in the opinion of the Defence Council their health on leaving service is satisfactory.

2

Commutation under both the life commutation scheme and the AFRCS 2010 is not permitted, except as stated under article 30(4).

3

Subject to paragraph (4), the option to commute under the AFRCS 2010 may only be exercised once and must be exercised on or before the last day of service.

4

Commutation will not be permitted where an officer has applied to rejoin the armed forces.