# The Social Security (Graduated Retirement Benefit) Regulations 2005, Paragraph 2: Increase or lump sum where pensioner's entitlement is deferred

Extent: E+W+S

(1) Where a person's entitlement to a Category A or Category B retirement pension is deferred and that person elects...—
(a) that paragraph 1 of Schedule 5 (increase of pension) is to apply in relation to the period of deferment, paragraph 3 of this Schedule shall also apply in relation to that period;
(b) that paragraph 3A of Schedule 5 (lump sum) is to apply in relation to the period of deferment, paragraph 5 of this Schedule shall also apply in relation to that period.
(2) The reference to an election in sub-paragraph (1) includes an election a person is treated as having made under paragraph A1(2) of Schedule 5.

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Source: https://www.legislation.gov.uk/uksi/2005/454/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/social-security-graduated-retirement-benefit-regulations-2005/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.