OpenLegislation

Indexation Indexation

England, Wales and Scotland

  1. 51Annual increase in rate of pension.
  2. 51ZAMeaning of “the appropriate percentage”
  3. 51ZBMeaning of “cash balance benefit”
  4. 51ARestriction on increase where annuity tied to investments.
  5. 52Restriction on increase where member is under 55.
  6. 53Effect of increases above the statutory requirement.
  7. 54Sections 51 to 53: supplementary.
  8. 55Section 51: end of annual increase in GMP.

Notes on Part I

Modifications

C1

Pt. I modified (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), regs. 1, 2

C2

Pt. I applied (with modifications) (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 2

C3

Pt. I: Pensions Act 2004 (c.35), Pt. 3 construed as one with Pt. I of this Act (4.12.2005 for specified purposes, 30.12.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 233, 322(1) (with s. 313); S.I. 2005/3331, art. 2(1)(a)(b), Sch. Pt. 1