Report by the Government Actuary on the drafts of the Social Security Benefits Up-rating Order 2000 and the Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2000 Contents

Contents

Contents

 
 

Paragraphs

Summary

1-4

Description of the changes to benefits and contributions

5-15

Methods and assumptions used to project receipts and payments

16-17

Estimates of receipts and payments and balance in the fund

18-22

Analysis of benefit payments and contribution receipts

23-24

Effect of different assumptions about unemployment, earnings and contracting out

25-28

Conclusion

29-31

   
   

Appendices

Appendix

Main rates of benefit

1

Main features of the contribution system

2

Detailed methods and assumptions used

3

Estimated payments from the National Insurance Fund for benefits, and effect of benefit up-rating on payments in 2000-01

4

Analysis of the changes in contribution receipts for 2000-01 as a result of the contribution re-rating order and other measures

5

Analysis of contribution receipts by fund and class of contributor, and analysis of payments in respect of appropriate personal pensions and age-related rebates in respect of contracted-out money purchase schemes made by the National Insurance Contributions Office

6

Comparison of estimates for 1999-2000 made now and in Cm 4199 (January 1999)

7

 

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Prepared 2 February 2000