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Section 124 Power to increase rates of benefit

Original text. Later amendments are not shown.

(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.