The Armed Forces Pension Regulations 2014

1. Introductory Text

2. PART 1

   1. 1. Citation and commencement

   2. 2. Establishment of scheme

   3. 3. Interpretation

3. PART 2

   1. CHAPTER 1

      1. 4. Scheme manager

      2. 5. Establishment of pensions board

      3. 6. Membership of the pensions board

      4. 7. Terms of appointment to pensions board

      5. 8. Conflict of interest: pensions board

   2. CHAPTER 2

      1. 9. Establishment of scheme advisory board

      2. 10. Membership of the scheme advisory board

      3. 11. Terms of appointment to the scheme advisory board

      4. 12. Conflict of interest: scheme advisory board

4. PART 3

   1. CHAPTER 1

      1. 13. Description of persons in scheme employment

   2. CHAPTER 2

      1. 14. Dual capacity membership

      2. 15. Payments of benefits to dual capacity members

      3. 16. Eligibility for active membership

      4. 17. Deferred membership

   3. CHAPTER 3

      1. 18. Option not to join scheme

      2. 19. Option to leave the scheme

      3. 20. Option to join the scheme

   4. CHAPTER 4

      1. 21. Pensionable service

      2. 22. Qualifying service

      3. 23. Pensionable earnings

      4. 24. Meaning of “assumed pay”

5. PART 4

   1. CHAPTER 1

      1. 25. Calculation of amount of accrued pension for the purposes of Parts 4 and 5

      2. 26. Calculation of “retirement index adjustment”

   2. CHAPTER 2

      1. 27. Establishment of pension accounts: general

      2. 28. Closure and adjustment of pension accounts on transfer out

   3. CHAPTER 3

      1. 29. Establishment of an active member’s account

      2. 30. Receipt of transfer values

      3. 31. Receipt of club transfer values

      4. 32. Account to specify amount of pension for a scheme year

      5. 33. Account to specify opening balance and index adjustment

   4. CHAPTER 4

      1. 34. Establishment of a deferred member’s account

      2. 35. Account to specify provisional amount of deferred pension

      3. 36. Adjustment of provisional amount of deferred pension on retirement

      4. 37. Treatment of deferred member’s account on return to pensionable service

   5. CHAPTER 5

      1. 38. Establishment of a pensioner member’s account

      2. 39. Determination of “in-service late payment supplement”

      3. 40. Account to specify amount of retirement pension

   6. CHAPTER 6

      1. 41. Establishment of a pension credit member’s account

      2. 42. Separate accounts for dual capacity pension credit member

6. PART 5

   1. CHAPTER 1

      1. 43. Retirement on or after reaching normal pension age – active members

      2. 44. Retirement before reaching normal pension age – deferred members

      3. 45. Annual rate of pension payable to active member who becomes pensioner member

      4. 46. Annual rate of pension payable to deferred member who becomes pensioner member

   2. CHAPTER 2

      1. 47. Pension credit member’s pension

      2. 48. Annual rate of pension credit member’s pension

      3. 49. Pension credit member’s rights

      4. 50. Reduction in pension debit member’s benefits

   3. CHAPTER 3

      1. 51. Entitlement to ill-health pension: active member with permanent serious ill-heath

      2. 52. Entitlement to ill-health pension: active member with significant impairment of capacity for gainful employment

      3. 53. Deferment of accrued earned pension attributable to a transfer payment

      4. 54. Annual rate of ill-health pension: active members with permanent serious ill-health

      5. 55. Annual rate of ill-health pension: active members with significant impairment of capacity for gainful employment

      6. 56. Entitlement to ill-health pension: deferred member with permanent serious ill-health

      7. 57. Scheme manager’s review of ill-health awards

      8. 58. Member’s request for review of ill-health awards

   4. CHAPTER 4

      1. 59. General option to exchange part of the pension for lump sum

      2. 60. Option for members in serious ill-health to exchange whole pension for lump sum

   5. CHAPTER 5

      1. 61. Election to allocate pension

      2. 62. Procedure for allocation election

      3. 63. Effect of allocation

      4. 64. Adjustment of allocated benefits for the Finance Act 2004 where member dies over 75

7. PART 6

   1. CHAPTER 1

      1. 65. Surviving spouses’ and civil partners’ pensions

      2. 66. Guaranteed minimum pension for surviving spouses and civil partners

      3. 67. Other adult dependants’ pensions

      4. 68. Annual rate of adult dependants’ pensions payable on death of pensioner member

      5. 69. Annual rate of adult dependants’ pensions payable on death of deferred member

      6. 70. Annual rate of adult dependants’ pensions payable on death of active member

      7. 71. Reduction in pensions in case of wide age disparity

   2. CHAPTER 2

      1. 72. Surviving children’s pensions

      2. 73. Meaning of “eligible child”

      3. 74. Annual rate of children’s pensions

      4. 75. Children born after the member’s death

   3. CHAPTER 3

      1. 76. Meaning of “final pensionable earnings”

      2. 77. Earnings adjustments in determining final pensionable earnings

      3. 78. Death of a member: lump sum benefit

      4. 79. Lump sum amount payable on death of active member

      5. 80. Lump sum amount payable on death of deferred member

      6. 81. Lump sum amount payable on death of pensioner member

      7. 82. Lump sum amount payable on death of pension credit member

      8. 83. Members affected by court orders to former spouses and civil partners on death

      9. 84. Nominations for lump sum death benefits

   4. CHAPTER 4

      1. 85. Pension debit members

      2. 86. Dependants’ pensions and children’s pensions: suspension and recovery

      3. 87. Recovery of lump sum payments made to nominees

      4. 88. Provisional awards of children’s pensions: later adjustments

      5. 89. Payments under this Part

      6. 90. Payment of death benefits to dual capacity member

8. PART 7

   1. CHAPTER 1

      1. 91. Member’s option to make periodical contributions to purchase added pension

      2. 92. Member’s option to pay lump sum contributions to purchase pension

      3. 93. Cancellation of options to made periodical contributions

      4. 94. Periodical contributions: special cases

      5. 95. Crediting of added pension: death in service or medical discharge

      6. 96. Repayment of contributions

   2. CHAPTER 2

      1. 97. Members seconded to NATO or the UN etc

9. PART 8

   1. CHAPTER 1

      1. 98. Interpretation

   2. CHAPTER 2

      1. 99. Right to require payment of a transfer value

      2. 100. Applications for statements of entitlement

      3. 101. Applications for a transfer value payment

      4. 102. Calculating amount of the transfer value

      5. 103. Ways in which a transfer value payment may be used

      6. 104. Effect of transfers out

   3. CHAPTER 3

      1. 105. Interpretation

      2. 106. Rights to request acceptance of transfer value payment

      3. 107. Procedure for making a request

      4. 108. Transfer statement

      5. 109. Amount of transferred pension

      6. 110. Club transfer value statement

      7. 111. Amount of club transfer earned pension

   4. CHAPTER 4

      1. 112. EU and overseas transfers

10. PART 9

    1. 113. Appointment of scheme actuary and actuarial valuations

    2. 114. Employer cost cap

11. PART 10

    1. CHAPTER 1

       1. 115. Late payment of retirement index adjustment

       2. 116. Commutation of small pensions

    2. CHAPTER 2

       1. 117. Scheme administrator for purposes of the Finance Act 2004

       2. 118. Reduction of benefits where lifetime allowance charge payable

       3. 119. Payment on behalf of members of annual allowance charge

       4. 120. Reduction of benefits where annual allowance charge paid by scheme manager

    3. CHAPTER 3

       1. 121. Forfeiture of benefits

       2. 122. Events enabling forfeiture

       3. 123. Procedure, references etc

    4. CHAPTER 4

       1. 124. Pension ceases to be payable

       2. 125. Re-employment after ill health awards

       3. 126. Payment of benefits

       4. 127. False statements etc about ill-health

       5. 128. Non assignability

       6. 129. General prohibition on unauthorised payments

       7. 130. Calculation of periods of membership and service

       8. 131. Determination of questions

       9. 132. Information and evidence

       10. 133. Provision of benefit information statements to members

12. Signature

13. Explanatory Note