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The Social Security Benefits Up-rating Order 1987
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- UK Statutory Instruments
- 1987 No. 45
- Article 6
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Increase in rate of graduated retirement benefit and increments thereof
6.—(1) In the National Insurance Act 1965(1) the sum of 5.06 pence referred to in section 36(1) (graduated retirement benefit) shall be increased by 2.1 per cent.; and from and including 6th April 1987 the reference in that provision to that sum shall accordingly have effect as a reference to 5.17 pence.
(2) It is hereby directed that the aggregate amount of any increases of graduated retirement benefit payable under Schedule 2 to the Social Security (Graduated Retirement Benefit) (No.2) Regulations 1978(2) (increases for deferred retirement) shall be increased by 2.1 per cent.
(1)
1965 c. 51. Section 36 was repealed by the Social Security Act 1973 (c. 38) but subsection (1) is now continued in force by regulation 3 of the Social Security (Graduated Retirement Benefit) (No.2) Regulations 1978 (S.I. 1978/393) in the modified form set out in the Schedule to those regulations as amended by Article 6 of the Social Security Benefits Up-rating Order 1986 (S.I. 1986/1117).
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