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Pay-related benefit (increase in amount of earnings disregarded).
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7.—(1) Section 73 of the Principal Act is hereby amended by the deletion of all the words from “exceeds £14” to the end of the section and the substitution therefor of the following:
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“exceeds the sum described hereunder but does not exceed such limit as stands prescribed for the time being, subject to such conditions as may be prescribed to restrict the total amount of benefit payable under this Part to the person in respect of any week. The sum referred to above is an amount corresponding to the weekly rate of benefit (any fraction of £1 in that rate greater than 50p being regarded as £1 and any such other fraction being disregarded) set out in column (2) of Part I of the Second Schedule at reference 1 (A) (a) (i) applicable on the first day of the benefit year next following the end of the relevant income tax year.”,
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and that section, as so amended, is set out in the Table to this section.
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(2) This section shall apply to periods of interruption of employment commencing on or after the 6th day of April, 1981.
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TABLE
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73.—The weekly rate of pay-related benefit payable to a person in any period of interruption of employment shall be an amount equal to—
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(a) for any part of that period up to the 159th day of incapacity for work, or for any part of that period up to the 159th day of unemployment, 40 per cent.,
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(b) for any part of that period from the 160th day of incapacity for work up to the 237th such day, or for any part of that period from the 160th day of unemployment up to the 237th such day, 30 per cent.,
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(c) for any part of that period from the 238th day of incapacity for work up to the 315th such day, or for any part of that period from the 238th day of unemployment up to the 315th such day, 25 percent., and
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(d) for any part of that period from the 316th day of incapacity for work up to the 393rd such day, or for any part of that period from the 316th day of unemployment up to the 393rd such day, 20 per cent.,
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of the part (if any) of his reckonable weekly earnings for the relevant income tax year that exceeds the sum described hereunder but does not exceed such limit as stands prescribed for the time being, subject to such conditions as may be prescribed to restrict the total amount of benefit payable under this Part to the person in respect of any week. The sum referred to above is an amount corresponding to the weekly rate of benefit (any fraction of £1 in that rate greater than 50p being regarded as £1 and any such other fraction being disregarded) set out in column (2) of Part I of the Second Schedule at reference 1 (A) (a) (i) applicable on the first day of the benefit year next following the end of the relevant income tax year.
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