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Social Security (Up-Rating Of Benefits) Act 2021

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Explanatory Notes

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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The Act has two sections:
1. Section 1 provides for a review of the state pension and certain other benefits by reference to inflation and for the up-rating of the state pension and those other benefits by at least inflation or 2.5%, whichever is higher. This will apply only for the tax year 2022-23.
2. Section 2 contains the technical provisions in the Act which cover the short title, extent and commencement.