Part 1State pension
State pension at the full or reduced rate
3Full and reduced rates of state pension
1
The full rate of the state pension is the weekly rate for the time being specified in regulations.
2
The reduced rate of the state pension for a person is the following proportion of the full rate—
3
Once the full rate has been specified, the power to make regulations under subsection (1) may not be re-exercised so as to reduce the rate.