SCHEDULES

SCHEDULE 1TRANSISTIONAL RATE OF STATE PENSION: CALCULATING THE AMOUNT

PART 3AMOUNT FOR POST-COMMENCEMENT QUALIFYING YEARS

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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—

1 35 × the person's number of post-commencement qualifying yearsmath

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