Occupational Pensions (Revaluation) Order (Northern Ireland) 1995
S.R. 1995/435 · Made 23 November 1995
PENSIONS
Made 23rd November 1995
Coming into operation 1st January 1996
Now, therefore, the Department of Health and Social Services for Northern Ireland, in exercise of the powers conferred on it by paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993f3 and of all other powers enabling it in that behalf, hereby makes the following Order:
Annotations to the whole text
Footnotes
- f1
-
S.I. 1995/3021
- f2
- f3
Contents
- 1Citation, commencement and interpretation
- 2Revaluation percentage for each revaluation period
- Signature
- Schedule Schedule
- Explanatory note
1Citation, commencement and interpretation
This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 1995 and shall come into operation on 1st January 1996.
The Interpretation Act (Northern Ireland) 1954f1 shall apply to this Order as it applies to a Measure of the Assembly.
2Revaluation percentage for each revaluation period
For the purposes of paragraph 2(l) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993, the revaluation percentage for each revaluation period specified in column 1 of the Schedule is the appropriate percentage specified in column 2 of that Schedule.
Signature
Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on
L.S.
W. G. Purdy
Assistant Secretary
23rd November 1995.
| Column 1 | Column 2 |
|---|---|
| Revaluation Period | Revaluation Percentage |
| 1st January 1986-31st December 1995 | 58.0% |
| 1st January 1987-31st December 1995 | 53.2% |
| 1st January 1988-31st December 1995 | 47.0% |
| 1st January 1989-31st December 1995 | 39.1% |
| 1st January 1990-31st December 1995 | 29.3% |
| 1st January 1991-31st December 1995 | 16.6% |
| 1st January 1992-31st December 1995 | 12.0% |
| 1st January 1993-31st December 1995 | 8.1% |
| 1st January 1994-31st December 1995 | 6.2% |
| 1st January 1995-31st December 1995 | 3.9% |
| (all dates inclusive) |
Explanatory note
(This note is not part of the Order.)
This Order, which corresponds to an Order (S.I. 1995/3021) made by the Secretary of State for Social Security under paragraph 2(l) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant to the revaluation of benefits under occupational pension schemes, as required by section 80 of, and Schedule 2 to, the Pension Schemes (Northern Ireland) Act 1993.