SCHEDULES

SCHEDULE 5Increase of pension where entitlement is deferred

Increase of pension where pensioner’s entitlement is deferred

1Where a person’s entitlement to a Category A or Category B retirement pension is deferred, the rate of his 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 paragraph 2 below, but only if that amount is enough to increase the rate of the pension by at least 1 per cent.