SCHEDULES

SCHEDULE 1 Transitional rate of state pension: calculating the amount

Part 3 Amount for post-commencement qualifying years

7 (1) A person’s amount for post-commencement qualifying years (if any) is calculated as follows.

(2) If the person has 35 or more post-commencement qualifying years, the amount is equal to the full rate of the state pension on the day on which the person reached pensionable age.

(3) If the person has fewer than 35 post-commencement qualifying years, the amount is equal to the following proportion of the full rate of the state pension on the day on which the person reached pensionable age—