PART IISOCIAL SECURITY BENEFITS AND PENSIONS
Rates or amounts of certain benefits under the Pension Schemes Act5
1
It is directed that the sums specified in paragraph (2) shall be increased from and including the respective dates specified in Article 6.
2
Sums which are payable by virtue of section 11(1) of the Pension Schemes Act (increase of guaranteed minimum where commencement of guaranteed minimum pension is postponed) to a person who is also entitled to a Category A or Category B retirement pension (including sums payable by virtue of section 13(2) and (3) of that Act) shall be increased by—
a
3·6 per cent. where the increase under section 11(1) is attributable to earnings factors for the tax year 1987-88 and earlier tax years22; and
b
0·6 per cent. where the increase under section 11(1) is attributable to earnings factors for the tax years 1988-89 to 1996-97 inclusive.