4.—(1) The sums specified in paragraphs (2), (3) and (4) 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 1992 Act (calculation of weekly rate of retirement allowance) shall be increased by 3·6 per cent. of their amount apart from this order.
(3) In section 44(4) of the 1992 Act (basic pension of Category A retirement pension)—
(a)for the sum of £51·95 there shall be substituted the sum of £53·80; and
(b)for the sum of £54·15 there shall be substituted the sum of £56·10.
(4) It is hereby directed that the sums which are—
(a)the additional pensions in the rates of long-term benefits calculated by reference to any final relevant year earlier than the tax year 1992/1993;
(b)the increases in the rates of retirement pensions under Schedule 5 to the 1992 Act (increase of pension where pensioner’s entitlement deferred); 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 120 of the 1975 Act(1) or Article 64 of the 1986 Order(2), corresponding to an order made by the Secretary of State under section 126A of the Social Security Act 1975(3) or section 63 of the Social Security Act 1986(4) respectively,
shall in each case be increased by 3·6 per cent. of their amount apart from this order.
1975 c. 15; section 120 was amended by the Schedule to the Social Security (Miscellaneous Provisions) (Northern Ireland) Order 1977 (S.I. 1977/610 (N.I. 11)), paragraph 9 of Schedule 3 to the Social Security (Northern Ireland) Order 1979, Article 9(5) of the Social Security (Northern Ireland) Order 1985, Schedule 10 to the Social Security (Northern Ireland) Order 1986 and Schedule 2 to the Redundancy Fund (Abolition) (Northern Ireland) Order 1991 (S.I. 1991/196 (N.I. 2))
1975 c. 14: section 126A was inserted by section 12 of the Social Security Act 1979 (c. 18) and repealed by Schedule 11 to the Social Security Act 1986.