{
  "url": "https://openlegislation.uk/pensions-act-2014/schedule-1/paragraph-2",
  "json_url": "https://openlegislation.uk/pensions-act-2014/schedule-1/paragraph-2.json",
  "legislation": "ukpga/2014/19",
  "legislation_title": "Pensions Act 2014",
  "legislation_url": "https://openlegislation.uk/pensions-act-2014",
  "path": "schedule/1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "A person's amount for pre-commencement qualifying years is calculated as follows.\nStep 1 - calculate the person's pension under the old system Calculate the weekly rate based on the old state pension and graduated retirement benefit (see paragraph 3 for more about this).\nStep 2 - calculate a pension based on the new system Calculate the weekly rate based on the new state pension (see paragraph 4 for more about this).\nStep 3 - take whichever rate is higher (the foundation amount) Take whichever of the rates found under Steps 1 and 2 is higher.\nStep 4 - revalue to date when the person reached pensionable age Revalue the amount of that rate in accordance with paragraph 6.\nThe amount for the person's pre-commencement qualifying years is the amount as revalued under Step 4.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 1 para. 2 in force at 6.4.2016, see s. 56(1)(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/19/schedule/1/paragraph/2",
    "retrieved_at": "2026-10-29T09:07:37.828516+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}