Amendment of article 30 (factors affecting the amount of commutable pension) of the AF(RRGES) (No.2) Order
This section has no associated Explanatory Memorandum
38. Article 30 of the AF(RRGES) (No.2) Order is amended by inserting—
(a)after “a person” in sub-paragraph (1) “,not including a transition member,”,
(b)after sub-paragraph (1)—
“(1A) Subject to article 32, the maximum lump sum which can be commuted by a transition member is calculated by application of the following formula—
where—
A in the case of an officer is the 34 year rate and in the case of someone who is not an officer is the 37 year rate;
B is the aggregate lump sum from reckonable and pensionable service in AFPS 1975 and AFPS 2015;
C is the number of years of AFPS 1975 service; and
D is the total number of years of reckonable and pensionable service in AFPS 1975 and AFPS 2015.”.