PART 2

SOCIAL SECURITY BENEFITS AND PENSIONS

Rates or amounts of certain benefits under the Pension Schemes Act
5
1
It is directed that the sums specified in paragraph (2) shall be increased from and including the respective dates specified in Article 6.
2
Sums which are payable by virtue of section 11(1) of the Pension Schemes Act (increase of guaranteed minimum where commencement of guaranteed minimum pension is postponed) to a person who is also entitled to a Category A or Category B retirement pension (including sums payable by virtue of section 13(2) and (3) of that Act ) shall be increased by—
a
5∙2 per cent. where the increase under section 11(1) is attributable to earnings factors for the tax year 1987-88 and earlier tax years ; and
b
2∙2 per cent. where the increase under section 11(1) is attributable to earnings factors for the tax years 1988-89 to 1996-97 inclusive.
Section 13(2) was amended by paragraph 5(b) of Schedule 1 to S.R. 2005 No. 433
See section 132(4) of the Social Security Administration (Northern Ireland) Act 1992 as amended by paragraph 41(c) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993; see also S.R. 2012 No. 97