Explanatory note

These Regulations replace in consolidated form the provisions ofPart I of Schedule 1 to the Social Security (Earnings Factor)Regulations 1979 as amended by S.I. 1985/1417, 1987/316 and 411 and byregulation 2(3) of S.I. 1988/429. They also make a consequentialamendment to regulation 4 of those Regulations.

S.I. 1985/1417 and 1987/316 and 411 were revoked by regulation 3 ofS.I. 1988/429. These Regulations revoke regulation 2(3) of thatinstrument.

The provisions in the Schedule are the rules for ascertainingearnings factors derived, in respect of tax years beginning on or after6th April 1987, from earnings on which primary Class 1 contributionshave been paid or treated as paid. They do not apply to earnings factorsfor earlier years.

The report of the Occupational Pensions Board on the draft of theseRegulations which was referred to them, together with a statement by theSecretary of State on that Report, is contained in Command Paper No.1537, published by Her Majesty’s Stationery Office.