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Paragraph 4 I1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In this Scheme—

(a)

any reference to the secured portion of a pension is a reference to the portion of it which equals the assumed graduated retirement benefit; and

(b)

any reference to the unsecured portion of a pension shall be construed accordingly.

(2)

The assumed graduated retirement benefit is the graduated retirement benefit that would be payable to the pensioner on the assumption that—

(a)

he retired from regular employment on attaining state pensionable age;

(b)

a payment in lieu of contributions was made in respect of the whole of any period of non-participating employment by virtue of which he is entitled to reckon pensionable service for the purposes of the pension; and

(c)

the period was one at the end of which no payment in lieu of contributions in fact fell to be made,

and for the purposes of this paragraph a period of non-participating employment shall be treated as having continued during periods of holiday and temporary incapacity for work and similar temporary interruptions.

Annotations

Commencement

I1

Sch. 1 Pt. 2 para. 4 in operation at 1.4.2006, see art. 1(2)