Equivalent pension benefits
This
adran has no associated
Nodyn Gweithredol
11. Any person who was employed in non-participating employment and attains state pensionable age shall be paid by way of equivalent pension benefits a sum equal to the actuarial value of a retirement pension at the following rate for each year of reckonable service:–
| Man | Woman | |
|---|---|---|
| During the period from 3rd April 1961 to 5th January 1964 | £2.31 | £1.92 |
| During the period from 6th January 1964 to 5th April 1975 | £3.48 | £2.90 |
but excluding any period of such employment in respect of which–
(a)a payment in lieu of contributions has been made; or
(b)any retirement benefits are payable under regulation E6.
TABLE
| Age at date of modification | Men | Women |
|---|---|---|
| (1) | (2) | (3) |
| £ | £ | |
| 20 or under | 1.70 | 1.70 |
| 21 | 1.65 | 1.60 |
| 22 | 1.60 | 1.53 |
| 23 | 1.55 | 1.45 |
| 24 | 1.50 | 1.37 |
| 25 | 1.47 | 1.30 |
| 26 | 1.45 | 1.23 |
| 27 | 1.43 | 1.17 |
| 28 | 1.40 | 1.13 |
| 29 | 1.35 | 1.07 |
| 30 | 1.33 | 1.03 |
| 31 | 1.30 | 0.97 |
| 32 | 1.27 | 0.95 |
| 33 | 1.25 | 0.93 |
| 34 | 1.23 | 0.90 |
| 35 | 1.20 | 0.87 |
| 36 | 1.17 | 0.85 |
| 37 | 1.15 | 0.83 |
| 38 | 1.13 | 0.80 |
| 39 | 1.10 | 0.77 |
| 40 | 1.07 | 0.75 |
| 41 | 1.07 | 0.73 |
| 42 | 1.05 | 0.73 |
| 43 | 1.03 | 0.70 |
| 44 | 1.00 | 0.70 |
| 45 | 0.97 | 0.67 |
| 50 and over | 0.93 | 0.60 |