SCHEDULES

C1C2C3 SCHEDULE 5F2Pension Increase or Lump Sum Where Entitlement to Retirement Pension is Deferred

Annotations:
Amendments (Textual)
F2

Sch. 5 heading substituted (17.2.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255), art. 1(4), Sch. 9 para. 2

F1Lump sum where pensioner’s entitlement is deferred

Annotations:
Amendments (Textual)
F1

Sch. 5 paras. 3A, 3B and cross-heading inserted (17.2.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255), art. 1(4), Sch. 9 para. 7(1) (with Sch. 9 para. 7(2))

3A

1

This paragraph applies where—

a

a person’s entitlement to a Category A or Category B retirement pension is deferred, and

b

the person has made (or is treated as having made) an election under paragraph A1(1)(b) in relation to the period of deferment.

2

The person is entitled to an amount calculated in accordance with paragraph 3B (a “lump sum”).