SCHEDULES
F1F2SCHEDULE 3A
Sch. 3A inserted (prosp.) by Sch. 2 to Social Security Act 1990 (c. 27)
Proportional increases where first period is less than 12 months
4
1
Where a pension commenced to be paid less than twelve months before the date on which its first increase under paragraph 2 above is to take effect, the amount of that first increase shall be determined by the application of the formula—
Where—
- M
is the number of complete months in the period beginning with the commencement of the pension and ending immediately before that date; and
- I
is the amount of the increase that would have been required by that paragraph, apart from this sub-paragraph.
2
This paragraph shall apply in relation to the first increase of a pension by virtue of paragraph 3 above in consequence of each successive valuation surplus as it applies in relation to the first increase of a pension under paragraph 2 above.
Sch. 3A repealed (7.2.1994) by 1993 c. 48, s. 188(1), Sch. 5 Pt.I; S.I. 1994/86, art. 2