4.—(1) The sums specified in paragraphs (2), (3) and (4) below shall be increased from and including the respective dates specified in article 6 below.
(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 a beneficiary’s retirement allowance) shall be increased by 3.9 per cent. of their amount apart from this Order.
(3) In section 44(4) of the Contributions and Benefits Act(1) (basic pension in a Category A retirement pension)—
(a)for the sum of £56.45 there shall be substituted the sum of £58.65; and
(b)for the sum of £58.85 there shall be substituted the sum of £61.15.
(4) It is hereby directed(2) that the sums which are—
(a)the additional pensions in long-term benefits calculated by reference to any final relevant year earlier than the tax year 1995/96;
(b)the increases in the rates of retirement pensions under Schedule 5 to the Contributions and Benefits Act (increase of pension where entitlement is deferred); and
(c)payable to a pensioner as part of his Category A or Category B retirement pension by virtue of an order made under section 126A of the Social Security Act 1975(3) or section 63 of the Social Security Act 1986(4),
shall in each case be increased by 3.9 per cent. of their amount apart from this Order.
Section 44(4) was amended from 13th April 1995 by paragraph 11 of Schedule 1 to the Social Security (Incapacity for Work) Act 1994 (c. 18).
See section 151(1) of the Social Security Administration Act 1992.
1975 c. 14; section 126A was inserted by section 12 of the Social Security Act 1979 (c. 18) and repealed by the Social Security Act 1986, section 86, Schedule 11.
1986 c. 50. Section 63 was repealed from 1st July 1992 by Schedule 1 to the Social Security (Consequential Provisions) Act 1992 (c. 6).