Commentary on Sections Entitlement to Category A and B retirement pensions Section 9: Additional pension: simplified accrual rates as from flat rate introduction year
Section 9(2) and (3) amends section 45 of the Contributions and Benefits Act to provide for the second stage in the calculation of the reformed state second pension, using the flat rate, which is set out in the new Schedule 4B to that Act.
Subsection (4) amends section 121 of that Act to define “the flat rate introduction year” - the year from which the reformed state second pension calculation will commence. It will be the tax year which is designated as such by the Department by order.