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The Armed Forces Redundancy Scheme Order 2020
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Amount of payment: regulars on long service commitments leaving after EDP 2015 point
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10.—(1) This paragraph applies to an eligible person who—
(a)has joined the regular forces on or after 1st April 2015;
(b)ceases service before the end of their commitment period, but on or after becoming entitled to EDP 2015 payments or reaching age 60.
(2) Subject to sub-paragraphs (3) and (4), the amount payable under paragraph 8(1) is equal to the person’s final relevant earnings.
(3) If the number of remaining years that the person had left to serve in their commitment (“R”) is less than 4, the amount payable under paragraph 8(1) is 25% of their final relevant earnings multiplied by R.
(4) If the person has 40 or more years of pensionable service as a member of AFPS 2015, the maximum amount payable under paragraph 8(1) is half of the person’s final relevant earnings.
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