# The Social Security Revaluation of Earnings Factors Order 1990

S.I. 1990/1412 · made 12 July 1990

This Order is made consequent upon a review under section 21 of the Social Security Pensions Act 1975 (“the Pensions Act”), which provides for the revaluation of earnings factors so that they maintain their value in relation to the general level of earnings obtaining in Great Britain.

Made under: Social Security Pensions Act 1975 (Section 21)

PDFs: Printed copy https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-1990/pdf/uksi_19901412_en.pdf

## Introductory text

SOCIAL SECURITY
Made 12th July 1990
Laid before Parliament 20th July 1990
Coming into force 10th August 1990
The Secretary of State for Social Security, in exercise of the powers conferred by section 21 of the Social Security Pensions Act 1975 and of all other powers enabling him in that behalf, having on a review under the said section 21 concluded, having had regard to earlier Orders under that section, that earnings factors for the relevant previous tax years have not, during the period taken into account for that review, maintained their value in relation to the general level of earnings obtaining in Great Britain, hereby makes the following Order:

## 1 Citation and commencement

This Order may be cited as the Social Security Revaluation of Earnings Factors Order 1990 and shall come into force on 10th August 1990.

## 2 Revaluation of earnings factors

The earnings factors relevant–
(a) to the calculation–
(i) of the additional pension in the rate of any long-term benefit; or
(ii) of any guaranteed minimum pension; or
(b) to any other calculation required under Part III of the Social Security Pensions Act 1975 (including that Part as modified by or under any other enactment),
are directed to be increased for the tax years specified in the Schedule hereto by the percentage of their amount shown opposite the said tax years in the said Schedule.

## 3 Rounding of fractional amounts

Where any earnings factor relevant to the calculation specified in article 2(a)(i) of this Order, as increased in accordance with this Order, would not but for this article be expressed as a whole number of pounds, it shall be so expressed by the rounding down of any fraction of a pound less than one half and the rounding up of any other fraction of a pound.

## Signature

Signed by authority of the Secretary of State for Social Security.
Henley
Parliamentary Under-Secretary of State,
Department of Social Security
12th July 1990

## 

Tax year
Increase
1978–79
233.4
1979–80
194.0
1980–81
145.8
1981–82
106.1
1982–83
87.0
1983–84
73.4
1984–85
60.5
1985–86
50.6
1986–87
38.3
1987–88
28.9
1988–89
18.4
1989–90
7.3

## Explanatory note

(This note is not part of the Order)
This Order is made consequent upon a review under section 21 of the Social Security Pensions Act 1975 (“the Pensions Act”), which provides for the revaluation of earnings factors so that they maintain their value in relation to the general level of earnings obtaining in Great Britain.
The Order directs that the earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit or of any guaranteed minimum pension or to any other calculation required under Part III of the Pensions Act for the tax years specified in the Schedule to the Order are to be increased by the percentage of their amount specified in that Schedule. The percentage for the tax year 1989–90 has been fixed at 7.3 per cent and those for earlier years have been increased so that the earnings factors for those years are revalued at 1989–90 earnings levels.
The Order also provides for the rounding of fractional amounts for earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit. Rounding for the purpose of calculation of any guaranteed minimum pension is not required since 6 April 1979 in virtue of the amendments to section 13 of the Social Security Act 1975 and section 35(5) of the Pensions Act effected by Part I of Schedule 2 to the Social Security Act 1988.
For the purpose of certain occupational pension schemes which are contracted-out under Part III of the Pensions Act, the increases made by this Order are applied, by sections 35(5) and 41C(4A), to the earnings factor used in calculating an earner’s guaranteed minimum pension and by sections 44(6)(a) and 45(3)(a) for the purpose of determining the amount of any state scheme premium.

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Source: https://www.legislation.gov.uk/uksi/1990/1412 (the official version)
Page: https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-1990
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.