SCHEDULE 2EQUALISATION

PART IIENTITLEMENT TO CERTAIN PENSION AND OTHER BENEFITS

Increments

6

1

In section 54(1) of the Contributions and Benefits Act (election to defer right to pension), in paragraph (a), omit from “but” to “70”

2

In Schedule 5 to that Act—

a

in paragraph 2(2), omit the definition of “the period of enhancement” (and the preceding “and”), and

b

for “period of enhancement” (in every other place in paragraph 2 and 3 where it appears) substitute “period of deferment”.

3

In paragraph 2(3) of that Schedule, for “1/7th per cent.” substitute “1/5th per cent.”.

4

In paragraph 8 of that schedule, omit sub-paragraphs (1) and (2).

F15

Sub-paragraph (1) comes into operation on 6th April 2010; and sub-paragraphs (2) to (4) have effect in relation to incremental periods beginning on or after that date.