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Paragraph 9C Late Retirement

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

If a Member’s pension starts after State Pension Age and the period of postponement is at least 7 weeks, the Member’s GMP shall be increased from State Pension Age as follows:

(a)

the part of the GMP attributable to earnings for the tax year 1988—89 and subsequent tax years shall be increased by the percentage specified in any orders made by the Secretary of State under section 109 of the Pensions Act during the period of postponement;

(b)

the whole GMP (including the increase described in (a)) shall be increased by 1/7% for each complete 7 days of postponement.