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The Occupational Pensions (Revaluation) Order (Northern Ireland) 1996

S.R. 1996/544 · Made 22 November 1996

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 22nd November 1996

Coming into operation 1st January 1997

Whereas the Secretary of State for Social Security has made an Orderf1 under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993f2:

Annotations to the whole text

Footnotes

f1

S.I. 1996/2926

f2

1993 c. 48

Contents

  1. 1Citation, commencement and interpretation
  2. 2Revaluation percentage for each revaluation period
  3. Signature
  4. Schedule Schedule
  5. Explanatory note

1Citation, commencement and interpretation

(1)

This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 1996 and shall come into operation on 1st January 1997.

(2)

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(1) 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 percentage specified opposite thereto in column 2.

Signature

Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on 22nd November 1996.

L.S.

John O'Neill

Assistant Secretary

Column 1Column 2
Revaluation PeriodRevaluation Percentage
1st January 1986 — 31st December 199661.3%
1st January 1987 — 31st December 199656.4%
1st January 1988 — 31st December 199650.1%
1st January 1989 — 31st December 199642.0%
1st January 1990 — 31st December 199632.0%
1st January 1991 — 31st December 199619.0%
1st January 1992 — 31st December 199614.3%
1st January 1993 — 31st December 199610.4%
1st January 1994 — 31st December 19968.4%
1st January 1995 — 31st December 19966.1%
1st January 1996 — 31st December 19962.1%
(all dates inclusive)

Explanatory note

(This note is not part of the Order.)

This Order which corresponds to an Order (S.I. 1996/2926) made by the Secretary of State for Social Security under paragraph 2(1) 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.