Section 61ZA Shortfall in contributions: people with units of additional pensionF1

(1)

This section applies to a person who has one or more units of additional pension if the person—

(a)

is not entitled to a Category A retirement pension, but

(b)

would be entitled to a Category A retirement pension if the relevant contribution conditions were satisfied.

(2)

The relevant contribution conditions are to be taken to be satisfied for the purposes of the person's entitlement to a Category A retirement pension.

(3)

But where a person is entitled to a Category A retirement pension because of this section, the only element of that pension to which the person is so entitled is the additional pension attributable to the units of additional pension.

(4)

For units of additional pension, see section 14A.

Annotations

Textual amendments

F1: Ss. 61ZA-61ZC inserted (12.10.2015) by Pensions Act 2014 (c. 19), s. 56(1), Sch. 15 para. 9; S.I. 2015/1475, art. 3(b)

Notes on Part II

Modifications

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))