The National Insurance (Modification of Transport Undertaking Superannuation Funds) (Amendment) Regulations 1966

• Citation: S.I. 1966/1145
• Sections: 3

Section 1

These Regulations shall come into operation on 6th October 1966 and may be cited as the National Insurance (Modification of Transport Undertaking Superannuation Funds) (Amendment) Regulations 1966.

Section 2

The Interpretation Act 1889 shall apply for the interpretation of these Regulations as it applies for the interpretation of an Act of Parliament.

Section 3

The National Insurance (Modification of Transport Undertaking Superannuation Funds) Regulations 1961 shall be amended by inserting, at the end of Regulation 2(1) thereof, the following definition:—

`“ graduated contribution ” means such part of the amount payable under sub-paragraph (i) of section 4(1)(c) of the National Insurance Act 1965 as substituted by section 1(2) of the National Insurance Act 1966 as is equivalent to 4¼ per cent of the amount, up to nine pounds, by which the member's remuneration in any week exceeds nine pounds (or the equivalent amount for remuneration not paid weekly) .'