Alteration of contracted-out rates of Class 1 contributions

2.  In the definition of “the contracted-out percentage” contained in section 27(2) of the Social Security Pensions Act 1975 the following alterations shall be made–

(a)for the figure “2.0” there shall be substituted “1.8”; and

(b)for the figure “3.8” there shall be substituted “3.0”.