1.—(1) These regulations may be cited as the Social Security (Credits) Amendment and (Earnings Factor) Transitional Regulations 1978 and shall come into operation on 6th April 1978.
(2) In these regulations—
“the credits regulations” means
“the normal percentage” and “the contracted-out percentage”
and other expressions have the same meaning as in the Social Security Act 1975.
(3) The rules for the construction of Acts of Parliament contained in the Interpretation Act 1889 shall apply for the purposes of the interpretation of these regulations as they apply for the purposes of the interpretation of an Act of Parliament.
2.—(1) In regulation 2(1) of the credits regulations in the definition of “reckonable year” for the words after “contributor concerned” there shall be substituted the words “was sufficient to satisfy paragraph (b) of the second contribution condition specified in relation to that benefit in Schedule 3 to the Act;”.
(2) In regulation 3(2)(b) of the credits regulations the word “standard” shall be omitted and in regulations 5(2), 7(3), 7A(2)(b), 8(2)(b) and 9(6) of those regulations for the words “under section 130(2)” there shall be substituted the words “under section 3(2) of the Social Security Pensions Act 1975”.
3.—(1) This regulation applies where, under paragraph 8(3) of Part II of Schedule 3 to the Social Security Act 1975 (satisfaction of contribution conditions in early years of contribution), a person's contributions paid at the contracted-out percentage are treated as having been paid in respect of any tax year which is not later than that ending with 5th April 1978.
(2) For the purpose of deriving earnings factors for any such tax year the amount of those contributions shall be increased to what it would have been if they had been paid at the normal percentage.
David Ennals
Secretary of State for Social Services
14th March 1978