The Social Security (Class 1 Contributions – Contracted-out Percentages) Order 1992

Statutory Instruments

1992 No. 795

PENSIONS

The Social Security (Class 1 Contributions – Contracted-out Percentages) Order 1992

Made

16th March 1992

Coming into force

6th April 1993

Whereas a draft of the following Order was in accordance with section 28(4) of the Social Security Pensions Act 1975 laid before Parliament and approved by resolution of each House of Parliament.

Now, therefore, the Secretary of State for Social Security, in exercise of the powers conferred upon him by section 28(4) and (7) of the Social Security Pensions Act 1975(1) and of all other powers enabling him in that behalf, having on a review under the said section 28 considered that there should be an alteration in both of the contracted-out percentages provided by section 27(2)(2) of the said Act, hereby makes the following Order:–

(1)

1975 c. 60. Subsection (7) was inserted into section 28 by the Social Security Act 1985 (c. 53), Schedule 5, paragraph 18.

(2)

Section 27(2) was amended by the Social Security (Class 1 Contributions–Contracted-out Percentages) Order 1987 (S.I. 1987/656).