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Called up? - Pension Info

OldSnowy

LE
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#1
This from a recent 'HANSARD', explaining pension matters for all those (Ex-Reg and TA) who have been / will be called up:

Mr Heald (Con, MP for NE Herts, Shadow Work & Pensions): To ask the Secretary of State for Work and Pensions whether the pension rights of individuals in their main job are protected during periods of service as an armed forces reservist; and if he will make a statement.

Dr Moonie (Min Armed Forces): The MoD has arrangements in place to ensure that reservists who are called-out for permanent service with the armed forces are not disadvantaged in pension terms.

Individuals may have a number of pension options dependant on their personal circumstances.  Those individuals who wish to remain in thrie civilian pension scheme during their period of called-out service can do so and the MOD will meet the cost of the employer contribution to the pension scheme.  Alternatively, individuals may opt to have the period of their called-out service covered by MOD's full time reserve service pension arrangements, or they can opt to be contracted-in to the state pension arrangements (state second pension).  Those individuals who have previous service that gave them pension rights under the Armed Forces Pension Scheme (AFPS) may opt for an enhancement to their AFPS pension rights.
 

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