Article 29 Resettlement CommutationI1

United Kingdom

(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)

F1..., 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.

F2(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1: Words in art. 29(3) omitted (1.10.2023) by virtue of The Armed Forces Pensions (Remediable Service) Regulations 2023 (S.I. 2023/998), regs. 1(b), 38(3)
F2: Art. 29(4) omitted (10.1.2012) by virtue of The Armed Forces Redundancy Scheme 2006, the Armed Forces Redundancy Etc. Schemes 2010 and the Armed Forces Pension Scheme 2005 (Amendment) Order 2011 (S.I. 2011/3013), arts. 1, 7

Commencement

I1: Art. 29 in force at 6.4.2010, see art. 1(2)