(This note is not part of the Order)
Section 9 of the Public Service Pensions Act (Northern Ireland) 2014 applies to public service pension schemes established under that Act which require a revaluation of pensionable earnings, or a portion of such earnings accrued as a pension, by reference to a change in prices, earnings or both.
Article 2 of this Order specifies an increase in earnings of 2.6 per cent in relation to the period of 1st April 2016 to 31st March 2017 inclusive. This figure is based on a measure of the year on year change in average weekly earnings figure to September 2016.
An impact assessment has not been produced for this Order as no significant impact on the cost of business or the voluntary sector is foreseen.