Part II Contributory Benefits
Shared additional pension
F155CPension increase or lump sum where entitlement to shared additional pension is deferred
(1)
Where a person's entitlement to a shared additional pension is deferred, Schedule 5A to this Act has effect.
(2)
In that Schedule—
paragraph 1 makes provision enabling an election to be made where the person's entitlement is deferred
paragraphs 2 and 3 make provision about increasing pension where the person's entitlement is deferred
paragraphs 4 and 5 make provision about lump sum payments where the person's entitlement is deferred.
(3)
For the purposes of this Act, a person's entitlement to a shared additional pension is deferred—
(a)
where he would be entitled to a Category A or Category B retirement pension but for the fact that his entitlement is deferred, if and so long as his entitlement to such a pension is deferred, and
(b)
otherwise, if and so long as he does not become entitled to the shared additional pension by reason only of not satisfying the conditions of section 1 of the Administration Act (entitlement to benefit dependent on claim),
and, in relation to a shared additional pension, “period of deferment” shall be construed accordingly.