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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The State Scheme Premiums (Actuarial Tables) Amendment Regulations 1988 No. 647 URL: http://www.bailii.org/uk/legis/num_reg/1988/uksi_1988647_en.html |
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Statutory Instruments
PENSIONS
Made
29th March 1988
Coming into force
6th April 1989
Whereas a draft of the following regulations was laid before Parliament and approved by a resolution of each House of Parliament:
Now, therefore, the Secretary of State for Social Services, in exercise of the powers conferred upon him by section 168(1) of, and Schedule 20 to, the Social Security Act 1975 (1), sections 44(7), and 44ZA(14) of the Social Security Pensions Act 1975 (2) and sections 5(15) and 16 of the Social Security Act 1986 (3), and of all other powers enabling him in that behalf, and after consultation with the Government Actuary as required by section 16(1) of the Social Security Act 1986, hereby makes the following Regulations:-
1. These Regulations may be cited as the State Scheme Premiums (Actuarial Tables) Amendment Regulations 1988 and shall come into force on 6th April 1989.
2.-(1) The State Scheme Premiums (Actuarial Tables) Regulations 1987 (4) shall be amended in accordance with the following provisions of this regulation.
(2) After paragraph (3) of regulation 6 there shall be inserted the following paragraph-
"(4) In a case where the person in question is a man who is entitled to receive a guaranteed minimum pension in respect of his late wife's service in contracted-out employment and to which regulation 33D of the Occupational Pension Schemes (Contracting-out) Regulations 1984 (5) applies, the Secretary of State shall apply the actuarial tables in Schedule 5.".
(3) In regulation 7 the word "and" at the end of paragraph (b) shall be omitted and at the end of paragraph (c) for the full-stop there shall be substituted "; and".
(4) After paragraph (c) of regulation 7 there shall be inserted the following paragraph-
"(d)in a case where the person in respect of whom the premium falls to be paid is a man who is entitled to receive a pension giving effect to his late wife's protected rights (not being a case to which either regulation 18(2A) of the Occupational Pension Schemes (Contracting-out) Regulations 1984 or regulation 3 of the Personal Pension Schemes (Personal Pension Protected Rights Premiums) Regulations 1987 (6) applies), the actuarial tables in Schedule 5.".
(5) In Schedule 5 for the second table there shall be substituted the table set out in the Schedule to these Regulations.
Signed by authority of the Secretary of State for Social Services.
Michael Portillo
Parliamentary Under-Secretary of State,
Department of Health and Social Security
29th March 1988
Regulation 2(5)
Table to be substituted for the second table of Schedule 5 to the State Scheme Premiums (Actuarial Tables) Regulations 1987
| Age | Females | Age | Males | Females |
|---|---|---|---|---|
| £ | £ | £ | ||
| 25 and below | 4.92 | 60 | - | 11.66 |
| 26 | 5.28 | 61 | - | 11.49 |
| 27 | 5.63 | 62 | - | 11.29 |
| 28 | 5.96 | 63 | - | 11.07 |
| 29 | 6.27 | 64 | - | 10.85 |
| 30 | 6.59 | 65 | 7.59 | 10.62 |
| 31 | 6.93 | 66 | 7.44 | 10.38 |
| 32 | 7.29 | 67 | 7.28 | 10.13 |
| 33 | 7.68 | 68 | 7.12 | 9.88 |
| 34 | 8.07 | 69 | 6.96 | 9.62 |
| 35 | 8.44 | 70 | 6.76 | 9.34 |
| 36 | 8.80 | 71 | 6.57 | 9.06 |
| 37 | 9.12 | 72 | 6.38 | 8.77 |
| 38 | 9.43 | 73 | 6.17 | 8.47 |
| 39 | 9.73 | 74 | 5.98 | 8.16 |
| 40 | 10.03 | 75 | 5.79 | 7.85 |
| 41 | 10.33 | 76 | 5.61 | 7.54 |
| 42 | 10.63 | 77 | 5.44 | 7.23 |
| 43 | 10.89 | 78 | 5.25 | 6.93 |
| 44 | 11.12 | 79 | 5.09 | 6.63 |
| 45 | 11.31 | 80 | 4.92 | 6.33 |
| 46 | 11.46 | 81 | 4.75 | 6.05 |
| 47 | 11.58 | 82 | 4.59 | 5.77 |
| 48 | 11.70 | 83 | 4.44 | 5.50 |
| 49 | 11.82 | 84 | 4.28 | 5.24 |
| 50 | 11.93 | 85 | 4.13 | 4.99 |
| 51 | 12.02 | 86 | 3.99 | 4.76 |
| 52 | 12.09 | 87 | 3.86 | 4.53 |
| 53 | 12.13 | 88 | 3.71 | 4.31 |
| 54 | 12.13 | 89 | 3.57 | 4.09 |
| 55 | 12.12 | 90 | 3.45 | 3.88 |
| 56 | 12.08 | 91 | 3.32 | 3.67 |
| 57 | 12.01 | 92 | 3.17 | 3.46 |
| 58 | 11.92 | 93 | 3.02 | 3.25 |
| 59 | 11.81 | 94 | 2.85 | 3.05 |
| 95 and over | 2.64 | 2.84" |
(This note is not part of the Regulations)
These regulations amend regulations 6 and 7 of and the second table of Schedule 5 to the State Scheme Premiums (Actuarial Tables) Regulations 1987 so as to enable the Secretary of State to calculate the amount of any pensioner's rights premium payable or, in the case of a personal pension protected rights premium or contracted-out protected rights premium, the amount needed to restore fully rights in the State Scheme in respect of a widower. Hitherto the provisions for buying-back applied only to members and their widows. From 6th April 1989, under the provisions of the Social Security Act 1986, they will apply also to widowers of women members in respect of rights attributable to pensionable service after 5th April 1988 if both husband and wife are over pensionable age when the wife dies.
1975 c. 14. See definition of "regulations" in Schedule 20. Section 168(1) applies, by virtue of section 66(2) of the Social Security Pensions Act 1975 (c. 60), to the exercise of certain powers conferred by that Act.
1975 c. 60. Section 44ZA was inserted by the Social Security Act 1986 (c. 50), Schedule 2, paragraph 7.
S.I. 1987/657
S.I. 1984/380; the relevant amending instruments are S.1. 1987/1100 and 1103.
S.I. 1987/1111
