The Pensions Increase (Parliamentary Pensions) Regulations 1973

EXPLANATORY NOTE

These Regulations apply the Pensions (Increase) Act 1971 to the pensions of former Members of Parliament subject to certain modifications. Members whose pensions were awarded under the Ministerial Salaries and Members' Pensions Act 1965 or under section 8 of the Parliamentary and other Pensions Act 1972 and Members who retired under the Parliamentary and other Pensions Act 1972 with pensions based partly on salary before 1st January 1972 and partly on salary after that date received increases in their pensions which were modified under the Pensions Increase (Parliamentary Pensions) Regulations 1972. That modification restricted increases so as to secure that the pension concerned did not exceed the pension awarded to a Member retiring on 31st December 1972 with a similar length of service.

These Regulations apply the increases authorised by the Pensions Increase (Annual Review) Order 1973 and any subsequent Orders made under section 2 of the Pensions (Increase) Act 1971 to the pensions of former Members in the following way. For pensions which began on or before 1st July 1972 the increase under the Annual Review Order of 1973 and subsequent years is to be calculated on the basic pension as increased under the 1972 Regulations.

For pensions which began in the 6 months following 1st July 1972 the pensions will be treated for pensions increase purposes as having begun on 1st July 1972 so that they qualify under the 1973 Annual Review Order and subsequent Orders for the same increase as pensions beginning on or before 1st July 1972. The increases are to be calculated on the basic pension as increased under the 1972 Regulations. For pensions beginning after 1st January 1973 the pensions will be treated for pensions increase purposes as having begun on 1st January 1973.