The Pensions (Northern Ireland) Order 1995 No. 3213 (NI. 22)

PART II N.I. Occupational Pensions

Indexation N.I.

[F1 Meaning of “the appropriate percentage” N.I.

51ZA.   For the purposes of Article 51(1)(c) and (2), “the appropriate percentage” in relation to an increase in the whole or part of the annual rate of a pension—

(a) in the case of a category X pension, means the [F2 higher revaluation percentage] for the latest revaluation period specified in the latest revaluation order (revaluation of accrued pension benefits) which is in force at the time of the increase, and

[F3 (b) in the case of a category Y pension, means the lower revaluation percentage for that period.]]

F1 2005 NI 1

F2 Words in art. 51ZA(a) substituted (6.4.2009) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 80(1)(c), 118(1), Sch. 1 para. 8(a) (with s. 80(2)); S.R. 2009/22, art. 2(2)(c)

F3 Art. 51ZA(b) substituted (6.4.2009) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 80(1)(c), 118(1), Sch. 1 para. 8(b) (with s. 80(2)); S.R. 2009/22, art. 2(2)(c)