Clause 1 - Pension and compensation schemes: armed and reserve forces
Armed Forces(Pensions and Compensation) Bill
2:30 pm
Benefits Payable on Death Death-in-service lump sum of four times pensionable pay Children's pension Benefits payalbe to substantial registered unmarried partners Death-in-service lump sum of approx. 1 1/2 times pensionable pay Children's pension Children's GIS Benefits payable to registered unmarried partners Children's pension 5 year pension guarantee Benefits payable to registered unmarried partners Children's pension Children's GIS Benefits payable to registered unmarried partners
AFPS Non-Attributable Benefits
Compensation Scheme Benefits Benefits payable if member of new AFPS Benefits payable if member of current AFPS Lump Sum GIS Attributable death in Service Non-attributable Widow's Pension based on 2/3 of member's highest tier ill-health pension Non-attributable Widow's Pension based on 1/2 of member's ill-health pension Bereavement Grant guarantee for widow(er)s or registered unmarried partners: currently set so that if 3 times pensionable pay plus £20,000 is greater than the AFPS death-in-service lump sum, the compensation scheme will pay the balance Widow(er)'s GIS Attributable death in retirement Non-attributable Widow's Pension based on 2/3 of the member's pension in receipt at the date of death Non-attributable Widow's Pension based on 1/2 of member's pension in receipt at the date of death Bereavement Grant, currently set at £20,000 to widow(er)'s or registered unmarried partners Widow(er)'s GIS