44(1)In subsection (1)(a) of section 21 of the [1977 c. 5.] Social Security (Miscellaneous Provisions) Act 1977 (calculation of guaranteed minimum pensions preserved under approved arrangements) after the words “Pensions Act” there shall be inserted the words “or section 148 of the Social Security Administration Act 1992”.
(2)The following subsection shall be substituted for subsection (3) of that section—
“(3)In this section—
“earner” and “earnings” are to be construed in accordance with sections 3, 4 and 112 of the Social Security Contributions and Benefits Act 1992;
“earnings factors” is to be construed in accordance with sections 22 and 23 of that Act;
“tax year” means the 12 months beginning with 6th April in any year,
and expressions used in Part III of the Pensions Act have the same meanings as in that Part.”.
45In section 23(2) of that Act (financial provisions)—
(a)for the words “Subsection (5) of section 135 of the principal Act” there shall be substituted the words “Section 165(5) of the Social Security Administration Act 1992”; and
(b)for the words “subsection (3)(a) of that section” there shall be substituted the words “section 163(2)(a) of that Act”.
46In section 24(3) of that Act (supplemental)—
(a)for the words “Subsections (1) to (5) of section 166 of the principal Act” there shall be substituted the words “Subsections (3) to (6) and (9) of section 189 of the Social Security Administration Act 1992”;
(b)for the words “subsections (2) to (4) of the said section 166” there shall be substituted the words “subsections (4) to (6) of that section”; and
(c)for the words from “and for the purposes” to the end there shall be substituted the words “and a power under any of sections 116 to 120 of the Social Security Contributions and Benefits Act 1992 or 177 to 179 of the Social Security Administration Act 1992 to make provision by regulations or Order in Council for modifications or adaptations of those Acts shall be exercisable in relation to any enactment contained in this Act.”.