Late payment supplement
This section has no associated Explanatory Memorandum
48. In this Part, “late payment supplement”, in relation to the provisional amount of a description of deferred pension, means an additional amount of pension determined by the scheme manager (in accordance with actuarial guidance or actuarial tables) to be appropriate if a deferred member of this scheme is over the member’s state pension age when the member becomes entitled to the payment of a full retirement pension under Part 7, Chapter 2 (full retirement benefits).