Annex A: Glossary of Pension Provision
1.The social security system provides a number of sources of income for retirement in the form of contributory, non-contributory and income-related benefits.
The contributory benefits are:
	Category A and B retirement pensions which comprise a basic component (the state basic pension) and additional pension (SERPS or State Second Pension) either of which may be payable (the relevant primary legislation is contained in sections 43 to 55 of the Social Security Contributions and Benefits Act 1992);
	graduated retirement benefit (based on graduated National Insurance contributions paid when the Graduated Retirement Benefit scheme existed, between 1961 and 1975) payable under sections 36 and 37 of the National Insurance Act 1965.
2.These are payable at state pension age (currently 65 for men and 60 for women) to persons who satisfy the contribution conditions.  State pension age will be equalised at 65 from 6 April 2020.
The non-contributory benefits are:
	Category C retirement pension paid to persons (or their spouses) who had reached pensionable age before the start of the National Insurance scheme in 1948 and who satisfied the residence conditions;
	Category D retirement pension paid under section 78 of the Social Security Contributions and Benefits Act 1992 to persons aged 80 and over who satisfy the residence conditions and either do not satisfy the contribution conditions or do not qualify for a full contributory retirement pension because of a deficient National Insurance record;
	an age addition under section 79 of the Social Security Contributions and Benefits Act 1992, normally paid to persons aged 80 and over in receipt of any category of retirement pension, but not always paid to pensioners abroad.
3.The income-related benefit is Income Support payable under section 124 of the Social Security Contributions and Benefits Act 1992. Income Support paid to persons aged 60 and over is known as the Minimum Income Guarantee.  In order to qualify for Income Support a person must:
	have income below a set level; and,
	not have savings or capital assets in excess of a prescribed limit, currently £12,000 in the case of persons aged 60 and over.