SCHEDULES
SCHEDULE 15OPTION TO BOOST OLD RETIREMENT PENSIONS
The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 4)
4
1
Section 45 (rate of additional pension in a Category A retirement pension) is amended as follows.
2
In subsection (1)—
a
after “shall be” insert “the sum of the following—
a
in relation to any surpluses in the pensioner’s earnings factors,
b
at the end insert
; and
b
if the pensioner has one or more units of additional pension, a specified amount for each of those units.
3
In subsection (2), at the end of paragraph (d) insert
; and
e
if the pensioner has one or more units of additional pension, a specified amount for each of those units.
4
After subsection (2) insert—
2A
For the purposes of subsections (1)(b) and (2)(e) the “specified amount” is an amount to be specified by the Department in regulations.