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Pension Schemes (Northern Ireland) Act 1993
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Changes over time for: Section 99
Version Superseded: 06/04/1997
Alternative versions:
- 07/02/1994- Amendment
- 04/02/1997
Point in time - 06/04/1997- Amendment
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Point in time view as at 04/02/1997. This version of this provision has been superseded.
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Pension Schemes (Northern Ireland) Act 1993, Section 99 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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99 Annual increase of later service component.N.I.
(1)If, apart from this Chapter, the annual rate of a pension under a qualifying scheme would not be increased as mentioned in section 98(2)(b), the annual rate of its later service component shall be increased annually by at least the appropriate percentage of the annual rate of that component.
(2)In this section “later service component” means so much (if any) of the annual rate of the pension as is attributable to pensionable service on or after the appointed day.
(3)The first increase by virtue of this section in the rate of a pension shall take effect not later than the first anniversary of the commencement of the pension and subsequent increases shall take effect at intervals of not more than 12 months.
(4)This section is subject to sections 101 to 104 and 149.
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