Commentary on Sections Changes to deferment provisions introduced by the Pensions Act 1995
1208.The 1995 Act removed the five-year limit on deferral and changed the weekly rate of increment accrual from 1/7th of 1% to 1/5th of 1% with effect from April 2010. The new incremental rate, equivalent to an annual incremental rate of 10.4%, effectively reduces the minimum qualification period to five weeks through the “one per cent” rule.