The Social Security (Graduated Retirement Benefit) Regulations 2005

Increase or lump sum where pensioner's entitlement is deferredE+W+S

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2.—(1) Where a person's entitlement to a Category A or Category B retirement pension is deferred and that person electsF1...—

(a)that paragraph 1 of Schedule 5 (increase of pension) is to apply in relation to the period of deferment, paragraph 3 of this Schedule shall also apply in relation to that period;

(b)that paragraph 3A of Schedule 5 (lump sum) is to apply in relation to the period of deferment, paragraph 5 of this Schedule shall also apply in relation to that period.

(2) The reference to an election in sub-paragraph (1) includes an election a person is treated as having made under paragraph A1(2) of Schedule 5.

Textual Amendments