The Armed Forces Pension Regulations 2014
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Change 1
44 Retirement before reaching normal pension age – deferred members
(1) A member, who is not entitled to immediate payment of a pension under regulation 43 (retirement on or after reaching normal pension age – active members), is entitled to the immediate payment for life of a retirement earned pension under this scheme if the member— (a) has reached the age of 55; (b) has ceased to be in pensionable service under this scheme; and (c) has claimed payment of pension. (2) But a member is not so entitled unless— (a) the member has at least 2 years’ qualifying service; or (b) a transfer value payment otherwise than from another occupational pension scheme has been accepted in relation to the member under Part 8 (Transfers). (3) A member, who is entitled to a retirement earned pension under this regulation, is entitled to immediate payment for life of— (a) a retirement added pension, if the deferred member’s account specifies a provisional amount of deferred added pension; and (b) a retirement club transfer earned pension, if the deferred member’s account specifies a provisional amount of deferred club transfer earned pension. (4) The claim for payment of a pension under this regulation must be made by notice in writing to the scheme administrator in such form as the scheme manager requires. (5) The early payment reduction is to apply to the pension amount of the member in the event that the pension is to come into payment before the member’s deferred pension age. (6) The late payment supplement is to apply to the pension amount of the member in the event that the pension is to come into payment after the member’s deferred pension age.
44 Retirement before reaching normal pension age – deferred members
(1) A member, who is not entitled to immediate payment of a pension under regulation 43 (retirement on or after reaching normal pension age – active members), is entitled to the immediate payment for life of a retirement earned pension under this scheme if the member— (a) has reached the age of 55; (b) has ceased to be in pensionable service under this scheme; and (c) has claimed payment of pension. (2) But a member is not so entitled unless— (a) the member has at least 2 years’ qualifying service; or (b) a transfer value payment otherwise than from another occupational pension scheme has been accepted in relation to the member under Part 8 (Transfers). (3) A member, who is entitled to a retirement earned pension under this regulation, is entitled to immediate payment for life of— (a) a retirement added pension, if the deferred member’s account specifies a provisional amount of deferred added pension; and (b) a retirement club transfer earned pension, if the deferred member’s account specifies a provisional amount of deferred club transfer earned pension. (4) The claim for payment of a pension under this regulation must be made by notice in writing to the scheme administrator in such form as the scheme manager requires. (5) The early payment reduction is to apply to the pension amount of the member in the event that the pension is to come into payment before the member’s deferred pension age. (6) The late payment supplement is to apply to the pension amount of the member in the event that the pension is to come into payment after the member’s deferred pension age.
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