PART 2SOCIAL SECURITY BENEFITS AND PENSIONS
Increase in rate of graduated retirement benefit12
1
In section 36(1) of the National Insurance Act 196536 (graduated retirement benefit)—
a
the sum of 9.93 pence shall be increased by 2.7 per cent.; and
b
from and including 10th April 2006 the reference in that provision to that sum shall have effect as a reference to 10.20 pence.
2
The sums which are the increases of graduated retirement benefit under Schedule 2 to the Social Security (Graduated Retirement Benefit) (No. 2) Regulations 197837 (increases for deferred retirement) shall be increased by 2.7 per cent.
3
The sums which are the additions under section 37(1) of the National Insurance Act 1965 (additions for widows and widowers) shall be increased by 2.7 per cent.