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Social Security Act 1975
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124Power to increase rates of benefit
(1)The Secretary of State may by order increase any of the sums specified in—
(a)Schedule 4 to this Act;
(b)Schedule 6 to this Act, paragraphs 3(1)(a)(i) and (ii) (calculation of earnings-related supplement and addition) ; and
(c)sections 2(6)(c) and 7(2)(b) of the Old Cases Act;
(d)sections 30(1) and (2), 45(3) and (4), 66(4) and (5) of this Act (earnings rules).
(2)No order shall be made under this section unless a draft of it has been laid before, and approved by a resolution of, each House of Parliament.
(3)The Secretary of State shall lay with any draft order under this section a copy of a report by the Government Actuary giving the latter's opinion on the likely effect on the National Insurance Fund of the making of the order.
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