HC Deb 27 February 2004 vol 418 cc614-5W
Mr. Laws

To ask the Secretary of State for Defence if he will make a statement on his plans to raise the normal retirement age for members of the armed forces; what estimate he has made of the savings from raising the pension age to 65; and if he will make a statement. [156573]

Mr. Caplin

We have no plans to raise the normal retirement age for members of the armed forces from the current age of 55. This reflects the continuing fitness requirements for most of those who serve a full career in the armed forces. For the future, the age at which the preserved pension is paid to those leaving before age 55 will be deferred from the current age of 60 to age 65. This will affect both the current and the new schemes. We have not decided when to make the change to the existing scheme. The saving from the change to the preserved pension age in the new scheme is some £50 million a year and has been used to fund unmarried partners benefits and improved death-in-service benefits, as well as contributing to the costs of increased longevity. The right under the current scheme to take an Immediate Pension from age 38 with 16 years service (Officers) or age 40 with 22 years service (Other Ranks) is not affected.