Social Welfare Act, 1980
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Pay-related social insurance (new rates of contributions and increase in earnings ceiling). |
26.—(1) Subsections (1) and (2) (inserted by the Social Welfare (Amendment) Act, 1978 ) of section 6 of the Act of 1952 are hereby amended by the substitution of— | |
(a) “3.5 per cent.” for “3.2 per cent.” and “8.5 per cent.” for “7.5 per cent.” in paragraphs (b) (i) and (b) (ii), respectively, of subsection (1), and | ||
(b) “£7,000” for “£5,500” (inserted by the Social Welfare (Rates of Contributions and Yearly Reckonable Earnings) (Confirmation and Variation) Regulations, 1979 (S.I. No. 65 of 1979)) in paragraph (c) of subsection (1), and | ||
(c) “1.8 per cent.” for “1.7 per cent.”, “4.7 per cent.” for “4.4 per cent.” and “2.9 per cent.” for “2.7 per cent.” in paragraphs (b) (i), (b) (ii) and (b) (iii), respectively, of subsection (2). | ||
(2) This section shall come into operation on the 6th day of April, 1980. |