Select Committee on Defence Minutes of Evidence


Annex C

DEMOGRAPHIC ASSUMPTIONS FOR ARMED FORCES PENSION SCHEME

  
  
Officers
Other ranks
Average age at entry to the scheme:
  
Age 22
Age 19
Withdrawal rates before Immediate Pension point—
age related rates—
specimen at rates
Age:
25
30
35
  
4.5%
4.5%
1.25%
  
12.5%
12.5%
4%
Withdrawal rates after Immediate Pension point:
Age related rates up to full career point
See response to Question 13 for further details
Death in service rates: specimen age rates
Age
25
30
35
  
0.12%
0.12%
0.12%
  
0.09%
0.08%
0.08%
Ill-health early retirement: Specimen age rates
Age
25
30
35
  
0.2%
0.2%
0.2%
  
0.4%
0.4%
0.4%
Salary/Career Progression:
  
Separate scales developed for Officers and Other ranks based on expected career progression. Officers pay assumed to constitute 25 per cent of total pensionable payroll
Pensioner Mortality:
  
Derived from standard tables. For retirements in normal health the mortality of Officers is assumed to be four years lighter than that of Other Ranks




 
previous page contents next page

House of Commons home page Parliament home page House of Lords home page search page enquiries index

© Parliamentary copyright 2002
Prepared 9 April 2002