2.—(1) The 1965 Act shall be amended in accordance with the following paragraphs.
(2) In section 36 (graduated retirement benefit)—
(a)for subsection (4), there shall be substituted the following—
“(4) Where a person's entitlement to graduated retirement benefit is deferred—
(a)Schedule 2 to the Social Security (Graduated Retirement Benefit) (No.2) Regulations 1978 M1; and
(b)Schedule 1 to the 2005 Regulations,
shall have effect and both those Schedules shall be construed and have effect as if they were part of this subsection.
(4A) For the purposes of subsection (4), a person's entitlement to graduated retirement benefit is deferred—
(a)where he would be entitled to a Category A or Category B retirement pension but for the fact that his entitlement is deferred within the meaning in section 55(3) of the Social Security Contributions and Benefits Act 1992 M2, if and so long as his entitlement to such a pension is deferred;
(b)where he is treated under subsection (7) as receiving a Category A or a Category B retirement pension at a nominal weekly rate, if and so long as he does not become entitled to graduated retirement benefit by reason only of not satisfying the conditions in section 1 of the Social Security Administration Act 1992 (entitlement to benefit dependent on claim),
and in relation to graduated retirement benefit, “period of deferment” shall be construed accordingly.”.
(b)in subsection (8), after the definition of “the Act”, there shall be inserted the following definition—
““the 2005 Regulations” means the Social Security (Graduated Retirement Benefit) Regulations 2005 M3,”.
(3) In section 37(1) (special provisions as to graduated retirement benefit for widows and widowers), after the words “Subject to the provisions of this section” there shall be inserted the words “ and to Schedule 1 to the 2005 Regulations ”.
Marginal Citations
M1S.I.1978/393; the relevant amending instrument is S.I.1989/1642.
M2Section 55 was substituted by the Pensions Act 2004, section 297(1).