Article 4 Increases in certain lump sums

This article applies to any lump sum or instalment of a lump sum which became payable on or after 10th April 2006 but before 9th April 2007.

The pension authority may increase a lump sum or instalment of a lump sum to which this article applies by 3.6 per cent of the amount of the lump sum or instalment (as increased by the amount of any increase under section 1 of the 1971 Act or the existing Orders) multiplied by:

$$\genfrac{}{}{0.1ex}{}{A}{B}$$

where:

a

A is the number of complete months in the period between the beginning date for the lump sum or, if later, 10th April 2006 and the date on which it became payable; and

b

B is 12.