Recommendation 25

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 their country throughout their career. HM Treasury told us that the pensions offered are considered as a part of overall remuneration by the Armed Forces Pay Review Board.62 59 HM Treasury (Catherine Little) letter to the Committee, 12 May 2021 60 Q 26 61 Q 48 62 Qq 47–51; HM Treasury (Catherine Little) letter to the Committee, 12 May 2021 16 Public Sector Pensions