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Basic Rate - Definition - Law Dictionary Home Dictionary Definition basic-rate

Definition :

Basic rate, means the annual rate of a pension apart from any increase under or by reference to the Pensions (Increase) Act, 1971 (UK) or any enactment repealed by that Act or any corresponding increase made otherwise than under or by reference to that Act or any enactment repealed by that Act but including any increase in that annual rate in consequence of the Pensions (Increase) Act, 1974 (UK), Halsbury's Laws of England, Vol. 8(2), 4th Edn., Para 615, p. 421.

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