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PART IVOccupational Pensions

Other provisions

57Disclosure of information by Occupational Pensions Board

The Occupational Pensions Board may inform any person claiming to be entitled to a pension under an occupational pension scheme of the name and address of any person appearing to the Board to be responsible for paying that pension nothwithstanding that information with respect to that matter has come into the Board's possession by virtue of section 89 of the Social Security Act 1973 (disclosure to Board of information obtained by Commissioners of Inland Revenue).

58Priority in bankruptcy etc.

Schedule 3 to this Act shall have effect for affording priority in cases of insolvency to liabilities in respect of contributions to occupational pension schemes and in respect of state scheme premiums.

59Increase of official pensions

(1)Where by virtue of section 23 above a direction is given that the sums mentioned in subsection (1)(b) of that section are to be increased by a specified percentage the Minister for the Civil Service shall by order provide that the annual rate of an official pension may, if a qualifying condition is satisfied or the pension is a widow's pension, be increased in respect of any period beginning on or after the date on which the direction takes effect—

(a)if the pension began before the beginning of the base period for that direction, by the same percentage as that specified in the direction:

(b)if the pension began during the base period, by that percentage multiplied by where A is the number of complete months in the period between the beginning of the pension and the end of the base period and B is the number of complete months in the base period.

(2)Where an order is made under this section in consequence of any such direction as aforesaid the order shall, in addition to the provision required by subsection (1) above, authorise the payment of an increase in respect of any lump sum that becomes payable during the base period for that direction, being an increase equal to the percentage specified in the direction multiplied by where—

(a)A is the number of complete months in the period between the beginning date for the lump sum (or, if later, the date from which it was last authorised to be increased by an order Under this section) and the date on which it becomes payable ; and

(b)B is the number of complete months in that base period.

(3)In the case of the first order made under this section in consequence of any such direction as aforesaid, subsection (1) above shall have effect as if the increase required to be authorised in the case of any pension (whether beginning before or during the base period) were an increase equal to the percentage specified in the direction multiplied by where—

(a)A is the number of complete months in the« period between the beginning of the pension (or, if later, the date from which it was last authorised to be increased by an order under section 2 of the [1971 c. 56.] Pensions (Increase) Act 1971) and the end of the base period for that direction; and

(b)B is the number of complete months in that base period.

(4)In the case of the first order so made under this section, subsection (2) above shall have effect as if—

(a)for the reference to any lump sum that becomes pay able during the base period there were substituted a reference to any lump sum that becomes or has become payable before the end of the base period but after the date from which official pensions were last increased by an order under section 2 of the [1971 c. 56.] Pensions (Increase) Act 1971 ; and

(b)the reference in paragraph (a) of the subsection to the date from which the lump sum was last authorised to be increased were a reference to the date specified in paragraph (a) above.

(5)The increases in the rate of a pension that may be provided for by an order under this section are to be calculated by reference to the basic rate of the pension as authorised to be increased by section 1 of the said Act of 1971 or by any order under section 2 of that Act or this section; but where a person is entitled to a guaranteed minimum pension when an order under this section comes into force, the amount by reference to which any increase authorised by that or any subsequent order is to be calculated shall be reduced by an amount equal to the rate of the guaranteed minimum pension.

(6)Any order under this section shall be made by statutory instrument and shall be laid before Parliament after being made.

(7)In this section—

and this section and the said Act of 1971 shall have effect as if this section were contained in Part I of that Act.