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The Health and Social Care (Pension Scheme) Regulations (Northern Ireland) 2008
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Adjustments for inflation in determining reckonable pay under regulation 15N.I.
16.—(1) In determining—
(a)the pensionable pay for the period of pensionable service referred to in regulation 15(4),
(b)the period of 1095 days for which the member's pensionable pay was the highest for the purposes of regulation 15(6), or
(c)the pensionable pay for either of the periods of pensionable service referred to in regulation 15(7),
the amount of pensionable pay is adjusted for inflation.
(2) The reference in paragraph (1) to adjusting the amount of pensionable pay for inflation, is a reference to increasing the member's pensionable pay (for a specified period or periods) by an amount equal to the amount by which, at the relevant day, an official pension within the meaning of section 5(1) of the Pensions (Increase) Act (Northern Ireland) 1971 first qualifying for an increase under that Act on the same day as the specified period, or periods, ended, would have been increased (if at all).
(3) In this regulation—
(a)“specified period” means any single scheme year falling in the period, or periods, referred to in regulation 15(4), (6) or (7), and
(b)“the relevant day” has the meaning given in regulation 15(5).
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