Article 7 Increase in rate of graduate retirement benefit and increments thereof
In the National Insurance Act 1965f1 the sum of 5.39 pence referred to in section 36(1) (graduated retirement benefit) shall be increased by 5.9 per cent.; and from and including 10th April 1989 the reference in that provision to that sum shall accordingly have effect as a reference to 5.71 pence
It is hereby directed that the sums which are the increases of graduated retirement benefit under Schedule 2 to the Social Security (Graduated Retirement Benefit) (No.2) Regulations 1978f2 (increases for deferred retirement) shall be increased by 5.9 per cent. of their amount apart from this Order.
Annotations
Footnotes
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1965 c. 51. Section 36 was repealed by the Social Security Act 1973 (c. 38) but subsection (1) is now continued in force by regulation 3 of the Social Security (Graduated Retirement Benefit) (No. 2) Regulations 1978 (S.I. 1978/393) in the modified form set out in the Schedule to those Regulations as amended by article 6 of the Social Security Benefits Up-rating (No. 2) Order 1987 (S.I. 1987/1978).See also regulation 2 of those Regulations.
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S.I. 1978/393.