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Social Security Administration Act 1992, Section 166 is up to date with all changes known to be in force on or before 08 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)As from the end of the period of 5 years beginning with 6th April 1990, or such shorter period as the Secretary of State may direct, the Government Actuary or the Deputy Government Actuary shall review the operation during that period of—
[F1(a)the 1975 Act;
(b)Parts I to VI of the Contributions and Benefits Act (except Part I of Schedule 8);
(c)the provisions of the Jobseekers Act 1995 relating to a contribution-based jobseeker's allowance; and
(d)this Act [F2[F3, Chapter II of Part I of the Social Security Act 1998 and Part II of the Social Security Contributions (Transfer of Functions, etc.) Act 1999] so far as they relate] to the provisions specified in paragraphs (b) and (c) above.]
(2)As from the end of each review period, the Government Actuary or Deputy Government Actuary shall review the operation during that period of—
[F4(a)Parts I to VI of the Contributions and Benefits Act (except Part I of Schedule 8);
(b)the provisions of the Jobseekers Act 1995 relating to a contribution-based jobseeker's allowance;
[F5(ba)the provisions of Part 1 of the Welfare Reform Act 2007 relating to contributory employment and support allowance;] and
(c)this Act [F6[F7, Chapter II of Part I of the Social Security Act 1998 and Part II of the Social Security Contributions (Transfer of Functions, etc.) Act 1999] so far as they relate] to the provisions specified in paragraphs (a) [F8to (ba)] above.]
(3)For the purposes of subsection (2) above, a review period is—
(a)the period of five tax years, or
(b)such shorter period as the [F9Treasury] may direct in respect of any review.
from the end of the last period to be subject to a review under this section.
(4)It shall be the object of a review under this section to determine the extent to which level at which the National Insurance Fund stands from year to year may be expected in the longer term to bear a proper relation to demands in respect of payments of benefit; and for this purpose the Actuary shall take into account—
(a)current rates of contributions;
(b)the yield to be expected from contributions in the longer term; and
(c)such other matters as he considers to be relevant as affecting the present and future level of the Fund.
(5)After completing his review, the Government Actuary or Deputy Government Actuary shall report to the Secretary of State [F10and the Treasury] his opinion on the question referred to in subsection (4) above; and the [F11Treasury] shall lay a copy of the report before Parliament.
Textual Amendments
F1Words in s. 166(1) substituted (11.6.96) by Jobseeker's Act 1995 (c. 18), s. 41(2), Sch. 2 para. 66(2); S.I. 1996/1509, art. 2, Sch.
F2Words in s. 166(1)(d) substituted (5.7.1999 for specified purposes, 6.9.1999 for specified purposes, 18.10.1999 for specified purposes, 29.11.1999 for specified purposes) by Social Security Act 1998 (c. 14), s. 87(2), Sch. 7 para. 102(1); S.I. 1999/1958, art. 2(1)(b)(2), Sch. 1; S.I. 1999/2422, art. 2(c), Sch. 1; S.I. 1999/2860, art. 2(c), Sch. 1; S.I. 1999/3178, art. 2(1)(a), Sch. 1
F3Words in s. 166(1)(d) substituted (5.7.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 7 para. 14(2); S.I. 1999/1662, art. 2(b), Sch. Pt. II
F4Words in s. 166(2) substituted (11.6.96) by Jobseeker's Act 1995 (c. 18), s. 41(2), Sch. 2 para. 66(3); S.I. 1996/1509, art. 2, Sch.
F5S. 166(2)(ba) inserted (27.10.2008) by Welfare Reform Act 2007 (c. 5), s. 70(2), Sch. 3 para. 10(27)(a); S.I. 2008/787, art. 2(4)(f)
F6Words in s. 166(2)(c) substituted (5.7.1999 for specified purposes, 6.9.1999 for specified purposes, 18.10.1999 for specified purposes, 29.11.1999 for specified purposes) by Social Security Act 1998 (c. 14), s. 87(2), Sch. 7 para. 102(2); S.I. 1999/1958, art. 2(1)(b)(2), Sch. 1; S.I. 1999/2422, art. 2(c), Sch. 1; S.I. 1999/2860, art. 2(c), Sch. 1; S.I. 1999/3178, art. 2(1)(a), Sch. 1
F7Words in s. 166(2)(c) substituted (5.7.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 7 para. 14(3); S.I. 1999/1662, art. 2(b), Sch. Pt. II
F8Words in s. 166(2)(c) substituted (27.10.2008) by Welfare Reform Act 2007 (c. 5), s. 70(2), Sch. 3 para. 10(27)(b); S.I. 2008/787, art. 2(4)(f)
F9Word in s. 166(3)(b) substituted (1.4.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 3 para. 55(2); S.I. 1999/527, art. 2(b), Sch. 2
F10Words in s. 166(5) inserted (1.4.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 3 para. 55(3)(a); S.I. 1999/527, art. 2(b), Sch. 2
F11Word in s. 166(5) substituted (1.4.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 3 para. 55(3)(b); S.I. 1999/527, art. 2(b), Sch. 2
Modifications etc. (not altering text)
C1S. 166 modified (temp.) (1.4.1999) by The Social Security Contributions, etc. (Decisions and Appeals—Transitional Modifications) Regulations 1999 (S.I. 1999/978), regs. 1, 2, Sch.
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