OpenLegislation

Paragraph 20 Maximum amount of increased pension

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where an election has previously been made in relation to a person (whether by the person under regulation C3C(1), or by the person’s employer under regulation C3C(2)) the maximum amount of increased retirement pension is the amount specified in paragraph 18, or, as the case may be, paragraph 19, less the aggregate of the amounts of increased retirement pensions, multiplied by the factor specified in paragraph 21, specified in previous elections.