# Social Security Pensions Act 1975, Paragraph 4


(1) Where a pension commenced to be paid less than twelve months before the date on which its first increase under paragraph 2 above is to take effect, the amount of that first increase shall be determined by the application of the formula—
M×I12
Where—
Mis the number of complete months in the period beginning with the commencement of the pension and ending immediately before that date; and
Iis the amount of the increase that would have been required by that paragraph, apart from this sub-paragraph.
(2) This paragraph shall apply in relation to the first increase of a pension by virtue of paragraph 3 above in consequence of each successive valuation surplus as it applies in relation to the first increase of a pension under paragraph 2 above.

---
Source: https://www.legislation.gov.uk/ukpga/1975/60/schedule/3A/paragraph/4 (the official version)
Page: https://openlegislation.uk/social-security-pensions-act-1975/schedule-3A/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.