Adjustment of pensions: partial adjustment
51 Adjustment of pensions: partial adjustment
This clause applies—
to a person who last became a pensioner during the period beginning with the first day of the particular adjustment period concerned and ending with 31 March next following, and
to a person who is the spouse of a deceased pensioner, where that deceased pensioner last became a pensioner during the period beginning with the first day of the particular adjustment period concerned and ending with 31 March next following and died before the adjustment date for that adjustment period.
Subject to this Part, if there is an adjustment percentage for a particular adjustment period, the pension payable on the adjustment date for that period to a person to whom this clause applies is adjusted, on and from that adjustment date, by the percentage calculated in accordance with the formula set out in subclause (3).
The formula referred to in subclause (2) is—
where the adjustment period is the adjustment period beginning on 1 January 1989,
where the adjustment period is the adjustment period beginning on 1 July 1989 or on 1 July in any subsequent year—
where, in the case of either formula—
A represents the percentage by which the pension is to be adjusted, and
P represents the adjustment percentage for the particular adjustment period, and
Q represents the number of whole quarters of the particular adjustment period, being the whole quarters after, and (if applicable) the whole quarter on the first day of which—
in the case of a person referred to in subclause (1) (a)—the person last become a pensioner, or
in the case of a person referred to in subclause (1) (b)—the deceased spouse of that person last became a pensioner.
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