Report by the Government Actuary withdrawn from the House of Commons Clocks
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The Government’s Actuary provides actuarial advice and support to the government and public sector. Under sections 142, 150(8), 150A(5) and 151A(6) of the Social Security Administration Act 1992, the Government Actuary will provide a report that sets out their opinion on the effect on the National Insurance Fund of the proposed uprating of contributory benefits as set out in draft orders laid before Parliament by the Department of Work and Pensions. These orders are usually laid on an annual basis alongside draft Social Security Benefits Up-rating Orders and draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations. Though, sometimes the report will explain the determination by the Government not to lay the latter order. The reports can be withdrawn and relaid.
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