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Social Welfare Act, 1973
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Old age pensions (new rates and extension of means limits).

2.—(1) Section 77 of the Act of 1952 is hereby amended by—

(a) the substitution for subsection (2) (inserted by the Act of 1964) of the following subsection:

“(2) A pension shall, in lieu of any other rate, be—

(a) where the weekly means of the claimant or pensioner do not exceed £10.50—at the rate set forth in the Table to this subsection,

(b) where the weekly means of the claimant or pensioner exceed £10.50—at the rate at which, in accordance with the said Table, the pension would be payable if the weekly means of the claimant or pensioner exceeded £9.50 but did not exceed £10.50, less £1 for each amount (if any) of £1 by which the said weekly means exceed £10.50, any fraction of £1 in the said weekly means being treated for this purpose as £1; provided that if the rate calculated pursuant to this paragraph at which, but for this proviso, the pension would be payable is less than 50 new pence, the pension shall not be payable, and

(c) where the pensioner has attained the age of 80 years—at the rate of pension payable to him in accordance with paragraph (a) or (b) of this subsection plus 50 new pence, and

for the purposes of this subsection weekly means shall be the yearly means divided by fifty-two.

TABLE

Rate of Pension

Weekly Rate

Means of claimant or pensioner

Claimant or pensioner, no qualified child

Claimant or pensioner, one qualified child

Claimant or pensioner, two or more qualified children

(1)

(2)

(3)

(4)

£

£

£

Where the weekly means of the claimant or pensioner—

do not exceed £4

6·15

7·80

9·45

}

Plus, where there are more than two qualified children, £1.25 for each qualified child in excess of two.

exceed £4 but do not exceed £5

5·15

6·80

8·45

exceed £5 but do not exceed £6

4·15

5·80

7·45

exceed £6 but do not exceed £7

3·15

4·80

6·45

exceed £7 but do not exceed £8

2·15

3·80

5·45

exceed £8 but do not exceed £9

1·15

2·80

4·45

exceed £9 but do not exceed £9·50

0·65

2·30

3·95

exceed £9·50 but do not exceed £10·50

no pension

1·30

2·95

and

(b) the substitution in subsection (5) (inserted by the Social Welfare (Miscellaneous Provisions) Act, 1969 ) of “three pounds fifty new pence” for “three pounds” (inserted by the Act of 1972).

(2) Section 8 of the Old Age Pensions Act, 1924 (as amended by the Act of 1972) is hereby amended by the substitution of “four hundred and ninety-four pounds” for “two hundred and seventy-three pounds and seventy-five new pence” in subsection 1 (i).

(3) This section shall come into operation on the 6th day of July, 1973.