Regulation K3 Late retirement

If a member’s pension is postponed for more than 7 weeks after F1guaranteed minimum pension age, or is reduced or suspended after it becomes payable, the member’s guaranteed minimum pension, as increased under section 109 of the Pension Schemes Act 1993 (annual increases of guaranteed minimum pensions), will be increased by 1/7th per cent. for each complete 7 days of postponement.