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The Social Security Revaluation of Earnings Factors Order 1981
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- UK Statutory Instruments
- 1981 No. 598
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Citation and commencement
1. This Order may be cited as the Social Security Revaluation of Earnings Factors Order 1981 and shall come into operation on 14th May 1981.
Revaluation of earnings factors
2. The earnings factors relevant to the calculation of the additional component in the rate of any long-term benefit are directed to be increased for the tax years specified in the Schedule hereto by the percentage of their amount shown opposite the said tax years in the said Schedule.
Rounding of fractional amounts
3. Where any earnings factor as increased in accordance with this Order would not but for this Article be expressed as a whole number of pounds, it shall be so expressed by the rounding down of any fraction of a pound less than one half and the rounding up of any other fraction of a pound.
Patrick Jenkin
Secretary of State for Social Services
10th April 1981
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