Part IISocial Security Benefits and Pensions
Rates or amounts of certain pensions or allowances under the Contributions and Benefits Act4
1
The sums specified in paragraphs (2) to (4) shall be increased from and including the respective dates specified in Article 6.
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 3·2 per cent. of their amount apart from this Order.
3
In section 44(4) of the Contributions and Benefits Act11 (basic pension of Category A retirement pension)—
a
for “£62·05” there shall be substituted “£64·05”; and
b
for “£64·70” there shall be substituted “£66·75”.
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 1998-99;
b
the increases in the rates of retirement pensions under Schedule 5 to the Contributions and Benefits Act12 (increase of pension where entitlement is deferred); and
c
shall in each case be increased by 3·2 per cent. of their amount apart from this Order.