- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
8. In regulation 101, for paragraphs (5) to (11) substitute—
“(5) The factor is—
(a)in relation to an election made under paragraph 2 of Schedule 4 on or before 22nd June 2010, (RPI1/RPI2)/X, where—
(i)RPI1 is the retail prices index for the penultimate month before the month which includes the day before the day mentioned in paragraph (2),
(ii)RPI2 is the retail prices index for the month which includes the start date, and
(iii)X is A/B, or 1 if greater, where—
(aa)A is the amount to which the AP credited amount is increased under PIA 1971 between the AP deemed date and the day mentioned in paragraph (2), and
(bb)B is the AP credited amount; or
(b)in relation to an election made under paragraph 2 of Schedule 4 after 22nd June 2010, (CPI1/CPI2)/X, where—
(i)CPI1 is the consumer prices index for the penultimate month before the month which includes the day before the day mentioned in paragraph (2),
(ii)CPI2 is the consumer prices index for the month which includes the start date, and
(iii)X is A/B, or 1 if greater, where—
(aa)A is the amount to which the AP credited amount is increased under PIA 1971 between the AP deemed date and the day mentioned in paragraph (2), and
(bb)B is the AP credited amount.
(6) In this regulation—
“AP beneficiary” has the same meaning as in Schedule 4 (contributions for additional pensions);
“AP credited amount” means the amount with which D is credited under Schedule 4 in respect of the AP election;
“AP deemed date” means the day on which the additional pension is deemed to begin for the purposes of PIA 1971 (see section 8(2) of that Act);
“AP election” means an election accepted by the Secretary of State under Schedule 4 (contributions for additional pensions) which is a dependant’s election as defined in paragraph 1 of that Schedule; and
“start date” has the same meaning as in Schedule 4.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: