434. Increase of guaranteed minimum where commencement of guaranteed minimum pension postponed.

Where the commencement of an earner's1 guaranteed minimum pension2 is postponed3 for any period and there are at least seven complete weeks4 in that period, his guaranteed minimum in relation to the scheme must, for each complete week in that period, be increased by one-seventh per cent:

  1.  

    (1)     of the amount of that minimum apart from this provision5; or

  2.  

    (2)     if for that week (or a period which includes that week) a pension is paid to him under the scheme at a weekly rate less than that minimum, of the difference between that pension and that minimum6.

Where an earner's