SCHEDULES
SCHEDULE 5Pension Increase or Lump Sum Where Entitlement to Retirement Pension is Deferred
Increase of pension where pensioner’s entitlement is deferred
F11
(1)
This paragraph applies where a person’s entitlement to a Category A or Category B retirement pension is deferred and one of the following conditions is met—
(a)
the period of deferment is less than 12 months, or
(b)
the person has made an election under paragraph A1(1)(a) in relation to the period of deferment.
(2)
The rate of the person’s Category A or Category B retirement pension shall be increased by an amount equal to the aggregate of the increments to which he is entitled under paragraph 2, but only if that amount is enough to increase the rate of the pension by at least 1 per cent.