Section 155A | Power to anticipate pensions up-rating order ^F1

(1)This section applies where a statement is made in the House of Commons by or on behalf of the Secretary of State which specifies—

(a)the amounts by which he proposes, by an order under section 150, 150A or 151A above (as the case may be), to increase—^F2F3

(i)the weekly sums that are payable by way of state pension under the Pensions Act 2014, retirement pension or shared additional pension; or^F4F5

(ii)the amount of graduated retirement benefit payable for each unit of graduated contributions; and

(b)the date on which he proposes to bring the increases into force (“the commencing date”).

(2)Where, before the commencing date and after the date on which the statement is made, an award is made of a state pension, a retirement pension , a shared additional pension or a graduated retirement benefit, the award either may provide for the pension or benefit to be paid as from the commencing date at the increased rate or may be expressed in terms of the rate appropriate at the date of the award.^F6F7