Regulation 8 Calculations

In regulation 20, after paragraph (4), insert as a new paragraph–

“(4A)

Benefits payable to a person who remains in service after his 65th birthday as referred to in regulation 25A(1) shall be increased at such a rate as is shown as appropriate in guidance issued by the Government Actuary in respect of each day that payment of benefits is delayed between his 65th birthday and the date of his retirement.”.