Regulation 5 Pensions increase

After regulation P3 of the principal Regulations there shall be inserted the following regulation:—

“Pensions increase

P3A

(1)

Subject to paragraph (2), and to regulation A3(5), the appropriate superannuation fund shall bear the costs of all increases under the Pensions (Increase) Act 1971(^f1) in respect of pensions, allowances and gratuities payable to, or in respect of, a person under these Regulations, other than under Parts K and L.

(2)

This regulation shall not apply to a person in respect of whom increases are provided for by regulation P3.”.