Explanatory note

These Regulations apply the Pensions (Increase) Act 1971 to the pensions of past Speakers of the House of Commons subject to the following modifications. The increase will be restricted where necessary so as to secure that the pensions concerned will not exceed the current pension rate for former Speakers and in the case of a pension payable under Mr. Speaker King's Retirement Act 1971, the pension will be treated as if it began on 1st April 1965. In the case of Speakers who cease to hold office on or after 1st April 1972, no increase will be payable.

In accordance with the powers conferred by section 5(4) of the Pensions (Increase) Act 1971, the Regulations provide for increases to take effect from 1st April 1972.