The Social Security (Graduated Retirement Benefit) Amendment Regulations 1995

• Citation: S.I. 1995/2606
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Social Security (Graduated Retirement Benefit) Amendment Regulations 1995 and shall come into force on 1st November 1995.

(2) In these Regulations “the principal Regulations ” means the Social Security (Graduated Retirement Benefit) ( No. 2) Regulations 1978 .

Section 2 Substitution of regulation 2 of the principal Regulations

For regulation 2 of the principal Regulations there is substituted—

Application of sections 150 and 155 of the Social Security Administration Act 1992

(2) The provisions of sections 150 and 155 of the Social Security Administration Act 1992 , (annual up-rating of benefits and effect of alteration of rates of benefit) shall apply to—

(a) the amount of graduated retirement benefit payable for each unit of graduated contributions;

(b) increases of such benefit under the provisions of Schedule 2 to these Regulations; and

(c) any addition under section 37(1) of the 1965 Act (addition to weekly rate of retirement pension for widows and widowers) to the amount of such benefit, as if that amount, those increases and that addition were included in the sums mentioned in section 150(1) and (3) and graduated retirement benefit were a benefit referred to in section 155(2).

Section 3 Amendment of section 36 of the National Insurance Act 1965

In Schedule 1 to the principal Regulations (which sets out sections 36 and 37 of the National Insurance Act 1965 as continued in force by those Regulations), section 36(7) is amended by inserting after the words “retirement pension” where they first appear—

(except a person who is not so entitled because of an election under section 54(1) of the Social Security Contributions and Benefits Act 1992 or because he has withdrawn his claim)