Section 155A Power to anticipate pensions up-rating orderF1

(1)

This section applies where a statement is made in the House of Commons by or on behalf of the Secretary of State which specifies—

(a)

the amounts by which he proposes, by an order under section F2F3150, 150A or 151A above (as the case may be), to increase—

(i)

the weekly sums that are payable by way of F4state pension under the Pensions Act 2014, retirement pension F5or shared additional pension; or

(ii)

the amount of graduated retirement benefit payable for each unit of graduated contributions; and

(b)

the date on which he proposes to bring the increases into force (“the commencing date”).

(2)

Where, before the commencing date and after the date on which the statement is made, an award is made of F6a state pension, a retirement pension F7, a shared additional pension or a graduated retirement benefit, the award either may provide for the pension or benefit to be paid as from the commencing date at the increased rate or may be expressed in terms of the rate appropriate at the date of the award.

Annotations

Textual amendments

F1: S. 155A inserted (16.11.1998) by Social Security Act 1998 (c. 14), ss. 76, 87(2); S.I. 1998/2780, art. 2(b)
F2: Words in s. 155A(1)(a) substituted (with effect in accordance with s. 5(3)-(7) of the amending Act) by Pensions Act 2007 (c. 22), s. 30(1)(a)(3), Sch. 1 para. 24
F3: Words in s. 155A(1)(a) substituted (6.4.2016) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 22(2)(a)
F4: Words in s. 155A(1)(a)(i) inserted (6.4.2016) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 22(2)(b)
F5: Words in s. 155A(1)(a)(i) inserted (1.12.2000) by Welfare Reform and Pensions Act 1999 (c. 30), s. 89(1), Sch. 12 para. 25(2); S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV
F6: Words in s. 155A(2) inserted (6.4.2016) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 22(3)
F7: Words in s. 155A(2) inserted (1.12.2000) by Welfare Reform and Pensions Act 1999 (c. 30), s. 89(1), Sch. 12 para. 25(3); S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV