Meaning of “leaver AP index adjustment”N.I.
4.—(1) The leaver AP index adjustment for an amount of accrued additional pension is calculated in accordance with paragraph (2).
(2) The leaver AP index adjustment is an amount equal to the amount of leaver index adjustment found if—
(a)The accrued additional pension were an accrued earned pension; and
(b)1.5 is not added to the percentage increase or decrease in prices specified in an order made [F1(in respect of the HSC Pension Scheme 2015)] by the Department of Finance F2... in Step 1 of paragraph 3(1).
Textual Amendments
F1Words in Sch. 7 para. 4(2)(b) inserted (1.4.2023) by The Health and Social Care Pension Scheme (Amendment) Regulations (Northern Ireland) 2023 (S.R. 2023/33), regs. 1(2), 24(4)
F2Words in Sch. 7 para. 4(2)(b) omitted (1.4.2023) by virtue of The Health and Social Care Pension Scheme (Amendment) Regulations (Northern Ireland) 2023 (S.R. 2023/33), regs. 1(2), 24(4)