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.”.