- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Pensions (Northern Ireland) Order 2005 No. 255
6. After paragraph 2 insert—
“2A.—(1) This paragraph applies where—
(a)a person’s entitlement to a Category A or Category B retirement pension is deferred,
(b)the pension includes an increase under paragraphs 5 to 6, and
(c)the person has made (or is treated as having made) an election under paragraph A1(1)(b) in relation to the period of deferment.
(2) The rate of the person’s Category A or Category B retirement pension shall be increased by an amount equal to the aggregate of the increments to which he is entitled under sub-paragraph (3).
(3) For each complete incremental period in the person’s period of deferment, the amount of the increment shall be 1/5th per cent. of the weekly rate of the increase to which the person would have been entitled under paragraphs 5 to 6 for the period if his entitlement to the Category A or Category B retirement pension had not been deferred.”.
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