PART IISOCIAL SECURITY BENEFITS AND PENSIONS
Rates or amounts of certain pensions or allowances under the Contributions and Benefits Act4
1
The sums specified in paragraphs (2) to (5) shall be increased from and including the respective dates specified in Article 6.
2
The sums falling to be calculated under paragraph 13(4) of Schedule 7 to the Contributions and Benefits Act (calculation of weekly rate of a beneficiary’s retirement allowance) shall be increased by 5∙0 per cent.
3
In section 44(4) of the Contributions and Benefits Act17 (basic pension of Category A retirement pension)—
a
for “£81∙10” substitute “£86∙20”; and
b
for “£90∙70” substitute “£95∙25”.
4
It is directed that the sums which are—
a
the additional pensions in long-term benefits calculated by reference to any final relevant year earlier than the tax year 2008-09;
b
the increases in the rates of retirement pensions under Schedule 5 to the Contributions and Benefits Act18 (pension increase or lump sum where entitlement to retirement pension is deferred);
c
lump sums to which surviving spouses or civil partners will become entitled under paragraph 7A of that Schedule on becoming entitled to a Category A or Category B retirement pension; and
shall in each case be increased by 5∙0 per cent.