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Armed Forces: Pensions

Volume 704: debated on Tuesday 21 October 2008

asked Her Majesty's Government:

What is the total cost of pensions and related costs for former military personnel in the current financial year; what it is expected to be in the next financial year; and what it was in financial year 2007–08. [HL5458]

The tables below detail the expenditure for financial years 2007-08 and the forecast costs for 2008-09 and 2009-10 of the various Armed Forces occupational pension schemes (Armed Forces pension scheme (AFPS) 1975, AFPS 2005, the Reserve Forces pension scheme, the Gurkha pension scheme) and the war pension scheme. It does not include costs associated with the Armed Forces compensation scheme.

Armed Forces Pension Schemes

Financial Year 1 April-31 March

Expenditure

Forecast Costs

2007-08

£ 3.159 billion*

2008-09

£3.232 billion

2009-10

£3.407 billion

*audited unpublished accounts

War Pension Scheme

Financial Year 1 April-31 March

Expenditure

Forecast Costs

2007-08

£1.015 billion

2008-09

£1.016 billion

2009-10

£0.992 million