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Regulation 14 Benefit limits

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

(1)

The Schedule has effect for limiting the benefits that may be paid under these Regulations.

(2)

The maximum annual rate of a retirement pension or dependant’s pension ascertained from the Schedule may be increased—

(a)

by 3 per cent for each complete year that has elapsed, or

(b)

if a greater increase results, in proportion to the increase in the Index that has occurred, since the date on which the pension became payable.