The Social Security Revaluation of Earnings Factors Order 1983

• Citation: S.I. 1983/655
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Social Security Revaluation of Earnings Factors Order 1983 and shall come into operation on 30th May 1983.

Section 2 Revaluation of earnings factors

The earnings factors relevant to the calculation of the additional component in the rate of any long-term benefit 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.

Section 3 Rounding of fractional amounts

Where any earnings factor 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.