Section 36: Report on cost of pension uprating in line with general earnings level
410.Section 36 provides that the Government Actuary (or his deputy) shall submit a report to the Secretary of State, giving his opinion as to the effect:
on the balance in the National Insurance Fund, and
the rate of National Insurance contributions needed to keep the Fund in balance,
if the basic state pension were to be increased each year in line with average earnings.
411.The report will provide figures for each year up to and including 2005/06, and the Secretary of State shall lay a copy of the report before Parliament.
412.The section does not stipulate when the report shall be published, but the Government’s intention is that it shall be a sister document to the next uprating report which is expected to be produced in January 2001.
