[F12A.(1)This paragraph applies where—N.I.
(a)a person’s entitlement to a Category A or Category B retirement pension is deferred,
(b)the pension includes an increase under paragraphs 5 to 6, and
(c)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 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 sub-paragraph (3).
(3)For each complete incremental period in the person’s period of deferment, the amount of the increment shall be 1/5th per cent. of the weekly rate of the increase to which the person would have been entitled under paragraphs 5 to 6 for the period if his entitlement to the Category A or Category B retirement pension had not been deferred.]
Textual Amendments
F1Sch. 5 para. 2A inserted (17.2.2005 for specified purposes) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255), art. 1(4), Sch. 9 para. 6