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Nodiadau Esboniadol
4.—(1) For the purposes of Step 2 of the calculation in paragraph 2, the weekly rate based on the new state pension is as follows.
(2) If the person has 35 or more pre-commencement qualifying years, the rate is equal to—
(a)the full rate of the state pension on 6 April 2016, less
(b)any amount to reflect contracting out under the old system (see paragraph 5).
(3) If the person has fewer than 35 pre-commencement qualifying years, the rate is equal to—
(a)the appropriate proportion of the full rate of the state pension on 6 April 2016, less
(b)any amount to reflect contracting out under the old system (see paragraph 5).
(4) The “appropriate proportion”, in relation to a person, is—
.