New clause 2 - Re-employment of armed forces
Armed Forces (Pensions and Compensation) Bill
3:00 pm
Mr Desmond Swayne (New Forest West, Conservative)
No, the hon. Gentleman is going down the wrong road. We will steer clear of that one.
The figures to which my hon. Friend drew our attention clearly show that a significant saving is now being made on the principal expensive part of the scheme. As a result of making that saving, we ought to be able to deliver the holy grail: the full two thirds pension on retirement. Of course, we are not. The Minister has some explaining to do as to where the savings have gone from the early departure point of his new scheme. It cannot all have gone in to providing additional benefits to unmarried partners or a better death in service benefit. Where has the rest gone?