Threads / Armed Forces Pension Reform: McCloud Remedy / We are also concerned that HM Treasury does not specificall…
Committee Material Published 11 Jun 2021 ↗ View on Parliament

We are also concerned that HM Treasury does not specifically consider whether armed forces pension scheme arrangements are sufficient to support personnel when it becomes time for them to move into civilian life, which can be well before reaching “retirement age” (of 60 in the armed forces pension scheme). HM Treasury recognises that the physical requirements of the role for members of the armed forces differ from those for members of other public service pension schemes.61 HM Treasury said i...

We are also concerned that HM Treasury does not specifically consider whether armed forces pension scheme arrangements are sufficient to support personnel when it becomes time for them to move into civilian life, which can be well before reaching “retirement age” (of 60 in the armed forces pension scheme). HM Treasury recognises that the physical requirements of the role for members of the armed forces differ from those for members of other public service pension schemes.61 HM Treasury said it considers the Armed Forces Pension Scheme to be very generous, with pensions at retirement fairly reflecting the unique sacrifice they have provided th Type: conclusion | Number: 25 | Response status: under_consideration Government response: Departments are responsible for assessing where the reformed public service schemes introduced in 2015 require further changes to meet specific workforce needs. When any changes are proposed to HM Treasury, they are assessed against legal and fiscal implica