xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

PART 5E+W+SRevaluation

Manner of determining the revaluation percentage in the case of active members who have not attained normal pension age at assessment dateE+W+S

13.  [F1Subject to regulation 15B,] for the purposes of paragraph 12(4)(a) of Schedule 7 to the Act (determination of revaluation percentage in the case of active members who have not attained normal pension age at assessment date) the manner prescribed for the determination of the percentage increase in the general level of prices in Great Britain during the revaluation period is—

where—

a A is the level of the [F2general level of prices in Great Britain determined in such manner as the Secretary of State may from time to time decide] for the month which falls two months before the month in which the active member—

(i)

attains normal pension age in respect of the payment of the periodic compensation or, as the case may be, the lump sum compensation; or

(ii)

becomes entitled to—

a

periodic compensation under paragraph 11; or

b

lump sum compensation under paragraph 14,

under Schedule 7 to the Act calculated in accordance with paragraph 25 of Schedule 7 to the Act (early payment of compensation) and regulations made under that paragraph; and

b B is the level of the [F2general level of prices in Great Britain determined in such manner as the Secretary of State may from time to time decide] for the month two months before the month during which the assessment date falls.

Textual Amendments