362.This Act requires the Secretary of State to lay before Parliament a Government Actuary report which will estimate the effect on the balance in the National Insurance Fund, and the rate of National Insurance contributions needed to keep the Fund in balance, if the basic state pension were to be increased in line with earnings. The report will project figures for each year up to and including 2005/06.
Part II: Pensions. Background – State Second Pension and Occupational and Personal Pensions Reporting on the effect on the NI Fund of earnings uprating.