Is there still an early Immediate Pension in the new scheme?
No. Proposed changes to pension legislation will not allow us to pay a pension as early as age 37. However, in place of the IP, there will be a similarly structured, but lower in value Early Departure Payments (EDP) Scheme. This will be payable from age 40 or after 18 years service, whichever is the later, and has been developed in close consultation with the single Services. The reduced value will help cover costs of people living longer and allow a major increase in the value of widows pensions. For further detail on the EDP see the separate note Details of the EDP Scheme.
