278 Annual increase in rate of certain occupational pensions
Pensions Act 2004 (2004 c 35) | Legislation

Annual increases in rate of pensions

278  Annual increase in rate of certain occupational pensions

(1)     Section 51 of the Pensions Act 1995 (annual increase in rate of certain occupational pensions) is amended in accordance with subsections (2) to (6).

(2)     In subsection (1)—

(a)     omit “and” at the end of sub-paragraph (i) of paragraph (a),

(b)     at the end of sub-paragraph (ii) of that paragraph insert—

“(iii)     in the case where the pension becomes a pension in payment on or after the commencement day, is not a money purchase scheme, and”, and

(c)     for paragraph (b) substitute—

“(b)     the whole, or any part of, the pension is attributable—

(i)     to pensionable service on or after the appointed day, or

(ii)     in the case of money purchase benefits where the pension is in payment before the commencement day, to payments in respect of employment carried on on or after the appointed day, and

(c)

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