3(1)Subject to paragraph 4 below, a person is entitled to an increment under this paragraph for each complete incremental period (beginning not earlier than 6th April 1979) in his period of deferment.N.I.
(2)In this Schedule—
(a)“incremental period” means any period of 6 days which are treated by the Social Security (Widow's Benefit and Retirement Pensions) (Amendment) Regulations (Northern Ireland) 1978 [SR 1978/101] as days of increment for the purposes of Schedule 1 to the Pensions OrderF1 as amended by Article 4 of the Social Security (Miscellaneous Provisions) (Northern Ireland) Order 1977 [1977 NI 11] in relation to the person and the pension in question; and
(b)“period of deferment”, in relation to any person, means the period beginning with the day on which he attains pensionable age and ending with the day before that of his retirement.
(3)Subject to paragraph 4 below, the amount of the increment for any such incremental period shall be 1/7th per cent. of the weekly rate of the graduated retirement benefit to which that person would have been entitled for the period if he had retired on attaining pensionable age, the result being rounded to the nearest whole penny, taking ½p as nearest to the next whole penny above.
(4)Where one or more orders have come into force under section 120 of the Act (increases in rates of benefit) during the period of deferment the rate of the benefit for any incremental period shall be determined as if the order or orders had come into force before the beginning of the period of deferment.
F11975 (NI 15)