Regulation 20 Amount of lump sum on incapacity for armed forces serviceI1
United Kingdom
The amount of the lump sum a person receives under regulation 19 (lump sum awards: incapacity for armed forces service) is to be determined by multiplying one eighth of the person’s final pensionable earnings by their service expressed in years and fractions of a year except where—
the amount calculated is less than one half of the person’s final pensionable earnings. In these circumstances the person is to receive an amount equivalent to half the person’s final pensionable earnings.
the amount calculated is more than twice the person’s final pensionable earnings. In these circumstances the person is to receive an amount equivalent to twice the person’s final pensionable earnings.
For members who have served on flexible terms, when calculating length of service for the purpose of paragraph (1), all years and parts of a year during any period of flexible service are reduced by the service reduction percentage applicable to that period of flexible service.
The lump sum is payable before the expiry of the period of 3 months beginning with the day on which the person ceases to be a member of the armed forces.
Annotations
Textual amendments
- F1
Reg. 20(1A) inserted (1.4.2019) by The Armed Forces Pension Schemes and Early Departure Payments Schemes (Amendments Relating to Flexible Working and Miscellaneous Amendments) Regulations 2018 (S.I. 2018/1111), regs. 1(3), 6(5)