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(This note is not part of the Order)
This Order provides for increases in the rates of public service pensions.
The increase to be made in the rates of such pensions is the percentage (or in some circumstances a fraction of the percentage) by which the Department for Social Development has increased the sums which are the additional pensions in long-term benefits, namely the additional pension entitlements accruing to employees in respect of their earnings after 5th April 1978.
For pensions which began before 9th April 2012 the increase is 2.2%.
For pensions which began on or after 9th April 2012 the increases are as follows:—
Pensions Beginning | Percentage Increase | Pensions Beginning | Percentage Increase |
---|---|---|---|
9th April 2012 to 23rd April 2012 | 2.2% | 24th November 2011 to 23rd December 2011 | 0.73% |
24th April 2012 to 23rd May 2012 | 2.02% | 24th December 2011 to 23rd January 2012 | 0.55% |
24th May 2012 to 23rd June 2012 | 1.83% | 24th January 2012 to 23rd February 2012 | 0.37% |
24th June 2012 to 23rd July 2012 | 1.65% | 24th February 2012 to 23rd March 2012 | 0.18% |
24th July 2012 to 23rd August 2012 | 1.47% | ||
24th August 2012 to 23rd September 2012 | 1.28% | ||
24th September 2012 to 23rd October 2012 | 1.10% | ||
24th October 2012 to 23rd November 2012 | 0.92% |
The Order provides for increases on certain deferred lump sums which became payable on or after 9th April 2012 and before 8th April 2013.
The Order also makes provision for the amount by reference to which any increase in the rate of an official pension is to be calculated to be reduced by an amount equal to the rate of the guaranteed minimum pension entitlement deriving from the employment which gives rise to the official pension.
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