2. Memorandum from the Ministry of Defence
ARMED FORCES RETIRED PAY, PENSIONS, ETC SPRING
SUPPLEMENTARY ESTIMATE 2006-07 ESTIMATES MEMORANDUM
REQUEST FOR
RESOURCES 1—ARMED
FORCES RETIRED
PAY, PENSIONS,
ETC
1. Summary of Changes sought in the Spring
Supplementary Estimate
The main reason for the Armed Forces retired
Pay and Pensions Estimate is to request an additional net cash
requirement of £20 million.
2. Detailed Explanation of the Change and
Allocation
The increase in net cash requirement of £20
million is to meet commitments for payment of pensions and lump
sum benefits to Service personnel and dependants. There are also
small, and offsetting, changes to Grants and Appropriations in
Aid of £2.6 million to reflect the latest forecast of outturn.
3. Changes to Cash Requirement Allocation
There is an increase in the net cash requirement
of £20 million as a result of this change.
20 February 2007
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