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