Contributory Pensions (Amendment of Contributions and Benefits) Order 2008
CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENEFITS) ORDER 2008


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BR 23/2008

CONTRIBUTORY PENSIONS ACT 1970

1970 : 522

CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENEFITS) ORDER 2008


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 2008.

Amends principal Act to increase benefits
2 The benefit rates in the provisions of 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in column 1 of Schedule I to this Order are repealed and replaced by the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 First Schedule 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repealed and replaced wherever they appear in those provisions by the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
2008.

(2) Paragraph 3 of this Order comes into effect on 4th August
2008.



CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENEFITS) ORDER 2008


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SCHEDULE I

AMENDMENTS RELATING TO BENEFITS

Column 1
Provision amended

Column 2
New amount

Section 13(1) $95.99

The proviso in Section
13(1)

$98.78

Section 17A(1) $139.43

Section 17B(1) $95.99

Paragraph 1 of Second
Schedule


$209.17

Paragraph 2 of Second
Schedule


$1.23

Paragraph 3 of Second
Schedule


$98.78

Paragraph 1 of Third
Schedule


$209.17

Paragraph 2 of Third
Schedule


$98.78

Paragraph 3(1) of Third
Schedule


$20.87



CONTRIBUTORY PENSIONS (AMENDMENT OF
CONTRIBUTIONS AND BENEFITS) ORDER 2008


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SCHEDULE II

AMENDMENTS RELATING TO CONTRIBUTIONS

Column 1
Provision amended

Column 2
New amount

Paragraph 1(a) $30.40

Paragraph 1(b) $30.40

Paragraph 2(a) $60.80

Paragraph 2(b) $30.40







Made this 25th day of March, 2008







Minister of Finance