Explanatory note

These Regulations are made for the purpose only of consolidating the Regulations hereby revoked and, accordingly, by virtue of section 139(2) of, and paragraph 20 of Schedule 15 to, the Social Security Act 1975, and by virtue of section 61(2) of the Social Security Pensions Act 1975 as amended by section 21(4) of, and paragraph 21 of Schedule 3 to, the Social Security Act 1979, no reference of them has been made either to the National Insurance Advisory Committee or to the Occupational Pensions Board.

The Regulations prescribe rules for deriving from contributions paid, or paid and credited, under the Social Security Act 1975 the earnings factors by reference to which the contributions conditions for contributory benefits are expressed in Schedule 3 to that Act, the rate of earnings-related supplement or addition to certain benefits is calculated under Schedule 6 to that Act, the additional component in the rate of long-term benefits is calculated by virtue of section 6 of the Social Security Pensions Act 1975 and an earner's guaranteed minimum is calculated under section 35 of the latter Act. Provisions is also made for treating as paid or as not repaid contributions by reference to which an earner's guaranteed minimum is calculated under the said Section 35.