Select Committee on Defence Memoranda


Annex C

DEMOGRAPHIC ASSUMPTIONS FOR ARMED FORCES PENSION SCHEME


Officers Other ranks


Average age at entry to the scheme:
Age 22Age 19
Withdrawal rates before Immediate Pension point—
age related rates—
specimen at rates
Age:
25
30
35
4.5%
4.5%
1.25%
12.5%
12.5%
4%
Withdrawal rates after Immediate Pension point: Age related
rates up to full
career point
See response to Question 13 for further details
Death in service rates: specimen age rates Age
25
30
35
0.12%
0.12%
0.12%
0.09%
0.08%
0.08%
Ill-health early retirement: Specimen age rates Age
25
30
35
0.2%
0.2%
0.2%
0.4%
0.4%
0.4%
Salary/Career Progression: Separate scales developed for Officers and Other ranks based on expected career progression. Officers pay assumed to constitute 25% of total pensionable payroll
Pensioner Mortality: Derived from standard tables. For retirements in normal health the mortality of Officers is assumed to be 4 years lighter than that of Other Ranks






 
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Prepared 14 March 2002