SCHEDULES

SCHEDULE 1Payments for added pension

PART 1Interpretation

Meaning of “overall limit of extra pension”2

1

The overall limit of extra pension is—

a

£6,500 for any scheme year ending before 1st April 2016; and

b

for any scheme year beginning on or after 1st April 2016—

i

the overall limit of extra pension determined by the Department of Finance and Personnel in respect of that scheme year as published before the start of that scheme year; or

ii

if no such determination is made, the amount calculated under sub-paragraph (2).

2

The amount is the amount to which the annual rate of a pension of an amount equal to the overall limit of extra pension for the previous scheme year would have been increased under the 1971 Act if—

a

that pension were eligible to be so increased; and

b

the beginning date for that pension were the first day of the previous scheme year.