OpenLegislation

Article 4 Increases in certain lump sumsI1

United Kingdom

(1)

This article applies to any lump sum or instalment of a lump sum which became payable on or after 12th April 2010 but before 11th April 2011.

(2)

The pension authority may increase a lump sum or instalment of a lump sum to which this article applies by 3.1 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

AB¯

where

  1. (a)

    A is the number of complete months in the period between the beginning date for the lump sum or, if later, 12th April 2010 and the date on which it became payable; and

  2. (b)

    B is 12.

Annotations

Commencement

I1

Art. 4 in force at 11.4.2011, see art. 1