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 Contributions and Benefits Act (calculation of weekly rate of retirement allowance) shall be increased by 1.8 per cent. of their amount apart from this order.
(3) In section 44(4) of the Contributions and Benefits Act (basic pension of Category A retirement pension)—
(a)for “£53.80” there shall be substituted “£55.25”; and
(b)for “£56.10” there shall be substituted “£57.60”.
(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 1993/1994;
(b)the increases in the rates of retirement pensions under Schedule 5 to the Contributions and Benefits Act (increase of pension where 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 Social Security (Northern Ireland Act 1975(1) or Article 64 of the Social Security (Northern Ireland) Order 1986(2) .
shall in each case be increased by 1.8 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 (S.I. 1979/396 (N.I. 5)), Article 9(5) of the Social Security (Northern Ireland) Order 1985 (S.I. 1985/1209 (N.I. 16)), Schedule 10 to the Social Security (Northern Ireland) Order 1986 (S.I. 1986/1888 (N.I. 18)) and Schedule 2 to the Redundancy Fund (Abolition) (Northern Ireland) Order 1991 (S.I. 1991/196 (N.I. 2))