Paragraph 25 Amount of payment: long service commitment – leaves before EDP 2005 pointI1

This paragraph applies to an eligible person who—

and in this paragraph references to service are to redundancy qualifying service.

The amount payable under paragraph 8(1) is comprised of an AFRS 2006 style payment and an AFRS 2020 style payment.

The AFRS 2006 style payment is calculated as follows—

Step 1: If TS is less than or equal to 18, the result of step 1 is $\frac{1}{8}\times F\times TS$

If TS exceeds 18, the result of step 1 is $\frac{1}{8}\times F\times 18$

• where—

  • F is final relevant earnings, and

  • TS is total service.

Step 2: take the result of step 1 and multiply by $\frac{RS}{TS}$

• where—

  • RS is AFRS 2006 relevant service, and

  • TS is total service.

The AFRS 2020 style payment is calculated as follows—

Step 1: 10.2% x F x TS

• where—

  • F is final relevant earnings, and

  • TS is total service (to be no more than 20).

Step 2: take the result of step 1, and multiply by $\frac{Q}{TS}$

• where—

  • Q is redundancy qualifying service, and

  • TS is total service.