The Armed Forces Pension Scheme runs in three generations, AFPS 75, AFPS 05 and AFPS 15, alongside the Reserve Forces Pension Scheme and a separate compensation arrangement, the Armed Forces Compensation Scheme. Most serving personnel today are in AFPS 15, but plenty still hold legacy benefits, and McCloud touches almost everyone who served between 1 April 2015 and 31 March 2022.
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Armed Forces Pension Scheme: AFPS 75, 05 and 15 explained
The full plain-English guide for this scheme, what it is, how the sections fit together, what you contribute and what you get out.
What members usually ask
- Which scheme am I in?
- Depends on entry date and choices made in 2015. AFPS 75 closed to new entrants in 2005; AFPS 05 closed in 2015; AFPS 15 is the current scheme.
- What is the Early Departure Payment?
- A separate non-pension lump-sum-and-monthly-income arrangement for AFPS 15 leavers under State Pension Age. It is not the same as your pension.
- How does AFCS fit in?
- AFCS is completely separate. It compensates for service-attributable injury or illness; it is not part of the pension scheme.
- What is McCloud doing to my service?
- Pre-April-2022 service in AFPS 15 has been rolled back to your legacy scheme by default. You get a choice between the two when you draw your pension.
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