SCHEDULES
F1SCHEDULE 5APension Increase or Lump Sum Where Entitlement to Shared Additional Pension is Deferred
Increase of pension where entitlement deferred
2.
(1)
This paragraph applies where a person’s entitlement to a shared additional pension is deferred and either—
(a)
the period of deferment is less than 12 months, or
(b)
the person has made an election under paragraph 1(1)(a) in relation to the period of deferment.
(2)
The rate of the person’s shared additional pension shall be increased by an amount equal to the aggregate of the increments to which he is entitled under paragraph 3, but only if that amount is enough to increase the rate of the pension by at least 1 per cent.