Select Committee on Defence Memoranda


APPENDIX 4

ILL-HEALTH (NON-ATTRIBUTABLE, TIER 2) OFFICER AFTER 10 YEARS—COLONEL

  Age at retirement = 31

  Service = 10 years

  Final Pensionable Salary = £62,400.40 (level 5)

  Representative Pay = £65,521.15

  Ill-health tier = 2 (unable to do job, earnings capacity reduced)


Pension Scheme Benefit
Existing
Arrangements
Proposed
Arrangements


Member's Pension (£ p.a.)
£13,811£16,046
Spouse's Pension£6,906 £8,023
Lump Sum (£)£41,433 £48,137
Capitalised Value of Benefits (to nearest £1,000) £288,000£335,000


ILL-HEALTH (NON-ATTRIBUTABLE, TIER 3) OFFICER AFTER 10 YEARS—COLONEL

  Age at retirement = 31

  Service = 10 years

  Final Pensionable Salary = £62,400.40 (level 5)

  Representative Pay = £65,521.15

  Ill-health tier = 3 (unable to do job, permanently incapable of further employment)


Pension Scheme Benefit
Existing
Arrangements
Proposed
Arrangements


Member's Pension (£ p.a.)
£13,811£19,612
Spouse's Pension£6,906 £9,805
Lump Sum (£)£41,433 £58,835
Capitalised Value of Benefits (to nearest £1,000) £288,000£409,000


ILL-HEALTH (NON-ATTRIBUTABLE, TIER 2) OFFICER AFTER 25 YEARS—COLONEL

  Age at retirement = 46

  Service = 25 years

  Final Pensionable Salary = £62,400.40 (level 5)

  Representative Pay = £60,841.85

  Ill-health tier = 2 (unable to do job, earnings capacity reduced)


Pension Scheme Benefit
Existing
Arrangements
Proposed
Arrangements


Member's Pension (£ p.a.)
£24,741£24,960
Spouse's Pension£12,371 £12,480
Lump Sum (£)£74,224 £74,880
Capitalised Value of Benefits (to nearest £1,000) £486,000£490,000


ILL-HEALTH (NON-ATTRIBUTABLE, TIER 3) OFFICER AFTER 25 YEARS—COLONEL

  Age at retirement = 46

  Service = 25 years

  Final Pensionable Salary = £62,400.40 (level 5)

  Representative Pay = £60,841.85

  Ill-health tier = 3 (unable to do job, permanently incapable of further employment)


Pension Scheme Benefit
Existing
Arrangements
Proposed
Arrangements


Member's Pension (£ p.a.)
£24,741£26,297
Spouse's Pension£12,371 £13,149
Lump Sum (£)£74,224 £78,892
Capitalised Value of Benefits (to nearest £1,000) £486,000£517,000






 
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Prepared 14 March 2002