Clause 1 - Pension and compensation schemes: armed and reserve forces
Armed Forces (Pensions and Compensation) Bill
3:15 pm
Mr Desmond Swayne (New Forest West, Conservative)
My understanding is that the relatively niggardly accrual rate and the fact that one cannot achieve a full two-thirds pension result from the cost of the early retirement option. As we are now making significant savings as a consequence of changing that, ought we not to redirect those savings to achieve the precise objective of any comparable scheme in respect of a two-thirds pension?