Armed Forces: Pensions

Dr. Fox
To ask the Secretary of State for Defence what work is being undertaken by his Department on the cost and structure of the Armed Forces’ Pension Scheme.

Derek Twigg
The costs of the Armed Forces Pensions Schemes are routinely monitored by officials. The last significant review of the Armed Forces Pensions Schemes resulted in the Armed Forces (Pensions and Compensation) Act 2004 and the creation of the pension scheme known as AFPS 05 in April 2005. As part of the ongoing process of providing such benefits we are keeping under review how to manage the Schemes’ long term liabilities.