PART IISOCIAL SECURITY BENEFITS AND PENSIONS

Increase in rates or amounts of certain pensions or allowances under the Contributions and Benefits Act4.

(1)

The sums specified in paragraphs (2) to (5) below shall be increased from and including the respective dates specified in article 6 below.

(2)

The sums falling to be calculated under paragraph 13(4) of Schedule 7 to the Contributions and Benefits Act (calculation of weekly rate of a beneficiary’s retirement allowance) shall be increased by 1.7 per cent. of their amount apart from this Order.

(3)

In section 44(4) of the Contributions and Benefits Act12 (basic pension in a Category A retirement pension)—

(a)

for “£66.90”, substitute “£68.05”; and

(b)

for “£72.50”, substitute “£75.50”.

(4)

It is hereby directed13 that the sums which are—

(a)

the additional pensions in long-term benefits calculated by reference to any final relevant year earlier than the tax year 2001–2002 shall be increased by 1.7 per cent. of their amount apart from this Order;

(b)

the increases in the rates of retirement pensions under Schedule 5 to the Contributions and Benefits Act14 (increase of pension where entitlement is deferred) shall be increased by 4.1 per cent. of their amount apart from this Order; and

(c)

payable to a pensioner as part of his Category A or Category B retirement pension by virtue of an order made under section 126A of the Social Security Act 197515, section 63(1)(d) of the Social Security Act 198616 or section 150(2) of the Social Security Administration Act 199217 by virtue of section 150(1)(e) of that Act shall be increased by 1.7 per cent. of their amount apart from this Order.

(5)

The sums which, under—

(a)

section 55A of the Contributions and Benefits Act18, are shared additional pensions;

(b)

section 55C of the Contributions and Benefits Act19, are increases in the rates of such pensions,

shall in each case be increased by 1.7 per cent. of their amount apart from this Order.