HC Deb 10 March 1982 vol 19 cc859-60
Existing weekly rate Proposed weekly rate
£ £
Basic component of Category A retirement

pension* (section 6(l)(a) of the Pensions Act), Category B retirement pension*

(section 7 of the Pensions Act), widowed

mother's allowance and widow's pension

 29.60 32.85
Category B retirement pension* (section

29(7)(a)(i) of the Act)

 17.75 19.70
Basic component of invalidity pension 28.35 31.45
Standard rate of unemployment and sickness
benefit
Beneficiary under pension age 22.50 25.00
Beneficiary over pension age 28.35 31.45
Invalidity allowance:
Existing weekly rate Proposed weekly rate
£ £
Higher rate 6.20 6 90
Middle rate 4.00 4.40
Lower rate 2.00 2.20
Maternity allowance 22.50 25.00
Widow's allowance 41.40 45.95
Child's special allowance 7.70 7.95
Guardian's allowance 7.70 7.95
* An age addition of 25p is payable to retirement pensioners who lire aged 80 or over.

The weekly rate of graduated retirement benefit payable for each unit of graduated contributions will be increased by 11 per cent. from 3.86 pence to 4.28 pence.

The following sums will be increased by 11 per cent. :—

  1. (a) additional components in the rates of long-term benefits calculated by reference to any final relevant year earlier than the tax year 1982–83.
  2. (b) increases of retirement pensions for deferred retirement under Schedule 1 to the Pensions Act.
  3. (c) increases of graduated retirement benefit for deferred retirement under Schedule 2 to the Social Security (Graduated Retirement Benefit) (No. 2) Regulations 1978.
  4. (d) increments in guaranteed minimum pensions under section 126A of the Act.