Article 128 Graduated retirement benefit

In section 62(1) of the Contributions and Benefits Act (graduated retirement benefit) after paragraph (a) insert—

“(aa)

for amending section 35(7) of that Act (persons to be treated as receiving nominal retirement pension) so that where a person has claimed a Category A or Category B retirement pension but—

(i)

because of an election under section 54(1) above, or

(ii)

because he has withdrawn his claim for the pension,

he is not entitled to such a pension, he is not to be treated for the purposes of the preceding provisions of that section as receiving such a pension at a nominal weekly rate;”.