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Contributory Pensions (Amendment of Contributions and Benefits) Order 2007

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Contributory Pensions (Amendment of Contributions and Benefits) Order 2007
CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENFITS) ORDER 2007


1



BR 17 / 2007

CONTRIBUTORY PENSIONS ACT 1970

1970 : 522

CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENEFITS) ORDER 2007


The Minister of Finance, in exercise of the powers conferred on
her by section 37(1) of the Contributory Pensions Act 1970 (“the
principal Act”), makes the following Order:

Short title
1 This Order may be cited as the Contributory Pensions
(Amendment of Contributions and Benefits) Order 2007.

Amends Principal Act to increase benefits
2 The benefit rates in the provisions of the Schedules to the
principal Act referred to in column 1 of Schedule I to this Order are
repealed and replaced by the amounts set out in column 2 of that
Schedule.

Amends Principal Act to increase contributions
3 The contribution rates in the provisions of the Schedules to the
principal Act referred to in column 1 of Schedule II to this Order are
repealed and replaced wherever they appear in those provisions by the
amounts set out in column 2 of that Schedule.

Commencement
4 (1) Paragraph 2 of this Order comes into effect on 16th August
2007.

(2) Paragraph 3 of this Order comes into effect on 6th August
2007.

CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENFITS) ORDER 2007


2





SCHEDULE I

AMENDMENTS RELATING TO BENEFITS

Column 1
Provision amended

Column 2
New amount

Section 13(1) $91.42

The proviso in Section
13(1)

$94.08

Section 17A $132.79

Section 17B $91.42

Paragraph 1 of Second
Schedule


$199.21

Paragraph 2 of Second
Schedule


$1.17

Paragraph 3 of Second
Schedule


$94.08, which is

payable when other
income is less than

$4,000 per year.

Paragraph 1 of Third
Schedule


$199.21

Paragraph 2 of Third
Schedule


$94.08

Paragraph 3(1) of Third
Schedule


$19.88



CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENFITS) ORDER 2007


3



SCHEDULE II

AMENDMENTS RELATING TO CONTRIBUTIONS

Column 1
Provision amends

Column 2
New amount

Paragraph 1(a) of First
Schedule

$28.48

Paragraph 1(b) of First
Schedule

$28.48

Paragraph 2(a) of First
Schedule

$56.96

Paragraph 2(b) of First
Schedule

$28.48





Made this 15th day of March, 2007



Minister of Finance