Article 30 Factors affecting the amount of commutable pensionI1

Subject to article 32, the maximum lump sum which can be commuted by a person F1,not including a transition member, shall be the difference between the lump sum awarded on leaving service and—

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.

Any supplements paid to a person shall be included when calculating resettlement commutation and pension.

Commutation under the AFRCS 2010 shall not be permitted to reduce the basic rate of pension by more than half for any person.

Subject to paragraph (3), where a person who is not an officer can raise less than £1000 under the AFRCS 2010, they may commute concurrently under the life commutation scheme to provide a combined sum of up to £1000 provided that the sum taken under the AFRCS 2010 is the maximum available.

The following awards are not commutable—

The amount of pension to be temporarily waived to secure a capital sum will be determined by the Scheme actuary.

In paragraph (5)(c), “preserved awards” refers to the preserved pension of a person who leaves service without being immediately entitled to a pension.