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  1. Introductory Text

  2. 1.Citation, commencement, effect and interpretation

  3. 2.Amendment of the 1966 Act

  4. 3.Amendment of the Social Security (Graduated Retirement Benefit) (No. 2) Regulations and saving

  5. 4.Schedule 1

  6. 5.Modification of Schedule 1 in transitional cases

  7. 6.Revocations

  8. Signature

    1. SCHEDULE 1

      FURTHER PROVISIONS REPLACING SECTION 35(4) OF THE 1966 ACT: INCREASES OF GRADUATED RETIREMENT BENEFIT AND LUMP SUMS

      1. PART 1 Increase and lump sum where entitlement to retirement pension is deferred

        1. 1.Scope

        2. 2.Increase or lump sum where pensioner’s entitlement is deferred

        3. 3.Increase where pensioner’s entitlement is deferred

        4. 4.Calculation of increment

        5. 5.Lump sum where pensioner’s entitlement is deferred

        6. 6.Calculation of lump sum

        7. 7.Increase or lump sum where pensioner’s deceased spouse or deceased civil partner has deferred entitlement

        8. 8.Increase where pensioner’s deceased spouse or deceased civil partner has deferred entitlement

        9. 9.Entitlement to lump sum where pensioner’s deceased spouse or deceased civil partner has deferred entitlement

        10. 10.Calculation of widowed person’s or surviving civil partner's lump sum

      2. PART 2 Increase or lump sum where person is treated as receiving retirement pension at a nominal weekly rate

        1. 11.Scope

        2. 12.Choice between increase and lump sum

        3. 13.Increase

        4. 14.Calculation of increment

        5. 15.Lump sum

        6. 16.Calculation of lump sum

        7. 17.Choice between increase and lump sum where person’s deceased spouse or deceased civil partner has deferred entitlement to graduated retirement benefit

        8. 18.Increase where person’s deceased spouse or deceased civil partner has deferred entitlement to graduated retirement benefit

        9. 19.Entitlement to lump sum where person’s deceased spouse or deceased civil partner has deferred entitlement to graduated retirement benefit

        10. 20.Calculation of widowed person’s or surviving civil partner's lump sum

        11. 20A.Transitional provision relating to widower’s entitlement to increase of graduated retirement benefit or lump sum

        12. 20B.Transitional provision relating to civil partner’s entitlement to increase of graduated retirement benefit or lump sum

      3. PART 2A ELECTIONS UNDER PART 2

        1. 20C.Scope and interpretation

        2. 20D.Timing of election

        3. 20E.Manner of making election

        4. 20F.Change of election

      4. PART 3 Supplementary

        1. 21.Supplementary

    2. SCHEDULE 2

      MODIFICATION OF SCHEDULE 1

      1. 1.In paragraph 2(1) for paragraph (b) there shall be substituted...

      2. 2.In paragraph 3(2) for the words from “that amount” to...

      3. 3.At the end of paragraph 6(1) there shall be added...

      4. 4.In paragraph 7 – (a) at the end of sub-paragraph...

      5. 5.At the end of paragraph 10(1) there shall be added...

      6. 6.In paragraph 12(1) – (a) after “12 months” there shall...

      7. 7.In paragraph 13(2) for the words from “that amount” to...

      8. 8.At the end of paragraph 16(1) there shall be added...

      9. 9.In paragraph 17 – (a) at the end of sub-paragraph...

      10. 10.At the end of paragraph 20(1) there shall be added...

  9. Explanatory Note