Section 55AA Shared additional pension because of a new state scheme pension creditF1 F2 C1

(1)

A person is entitled to a shared additional pension under this section if—

(a)

the person reached pensionable age before 6 April 2016, and

(b)

the person is entitled to a new state scheme pension credit.

(2)

A person's entitlement to a shared additional pension under this section continues throughout his or her life.

(3)

The weekly rate of a shared additional pension under this section is equal to the amount of the new state scheme pension credit.

(4)

In this section “new state scheme pension credit” means a credit under section 49A(2)(b) of the Welfare Reform and Pensions Act 1999.

Annotations

F1: Ss. 55A-55C inserted (11.11.1999 for specified purposes, 1.12.2000 in so far as not already in force) by Welfare Reform and Pensions Act 1999 (c. 30), s. 89(5)(a), Sch. 6 para. 3; S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV
F2: S. 55AA inserted (6.4.2016) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 11 para. 6

C1: S. 55AA: sums amended (coming into force in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2026 (S.I. 2026/148), arts. 1(3)(c), 4(4)(a)

C1: Pt. 2 modified (E.W.S.) (11.11.1999 for specified purposes, 1.12.2000 in so far as not already in force) by Welfare Reform and Pensions Act 1999 (c. 30), ss. 49, 89(5)(a); S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV
C2: Pt. 2: power to modify conferred (11.11.1999) by Welfare Reform and Pensions Act 1999 (c. 30), ss. 52(1)(2)(6)(h), 89(4)(a) (with s. 52(7))