New clause 19 - Full career pension

Part of Armed Forces (Pensions and Compensation) Bill – in a Public Bill Committee at 10:15 am on 26th February 2004.

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'A member who serves 35 years but less than 371/2 years because of service limitations imposed by the Secretary of State shall have his benefits increased to 662/3 per cent. of final salary by one or more of the following:

—He shall be granted additional years to accrue for pension purposes.

—He shall be granted a beneficial accrual rate in his later years of service.

—He shall be granted an improved lump sum on retirement.'.—[Mr. Gerald Howarth.]

Brought up, and read the First time.