Article 7 Increase in rate of graduated retirement benefit and increments thereof

(1)

In the National Insurance Act 1965^f1, the sum of 5.71 pence referred to in section 36(1) (graduated retirement benefit) shall be increased by 7.6 per cent.; and from and including 9th April 1990 the reference in that provision to that sum shall accordingly have effect as a reference to 6.14 pence.

(2)

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 1978^f2 (increases for deferred retirement) shall be increased by 7.6 per cent. of their amount apart from this Order.

Annotations

Footnotes

f1: 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 Section 36 was repealed by the Social Security Act 1973 (c. 38) but subsection (1) is now continued in force by regulation 3 of the Social Security (Graduated Retirement Benefit) (No.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 7 of the Social Security Benefits Up-rating Order 1989 (S.I. 1989/43). See also regulation 2 of those Regulations, as amended by regulation 3 of S.I. 1989/893.
f2: S.I. 1978/393.