Section 55C — Social Security Contributions and Benefits Act 1992: Pension increase or lump sum where entitlement to shared additional pension is deferred

Pension increase or lump sum where entitlement to shared additional pension is deferred 55C 1 Where a person’s entitlement to a shared additional pension is deferred, Schedule 5A to this Act has effect.

2 In that Schedule— paragraph 1 makes provision enabling an election to be made where the person’s entitlement is deferred paragraphs 2 and 3 make provision about increasing pension where the person’s entitlement is deferred paragraphs 4 and 5 make provision about lump sum payments where the person’s entitlement is deferred.

3 For the purposes of this Act, a person’s entitlement to a shared additional pension is deferred—

a where he would be entitled to a Category A or Category B retirement pension but for the fact that his entitlement is deferred, if and so long as his entitlement to such a pension is deferred, and b otherwise, if and so long as he does not become entitled to the shared additional pension by reason only of not satisfying the conditions of section 1 of the Administration Act (entitlement to benefit dependent on claim), and, in relation to a shared additional pension, “ period of deferment ” shall be construed accordingly.