OpenLegislation

Article 3 Pension increases

Original text. Later amendments are not shown.

The annual rate of an official pension may, if a qualifying condition is satisfied or the pension is a derivative or substituted pension or a relevant injury pension, be increased by the pension authority in respect of any period on or after 6th April 1998 as follows—

(1)

a pension beginning before 7th April 1997 may be increased by 3.6 per cent of the basic rate as increased by the amount of any increase under section 1 of the 1971 Act or the existing Orders;

(2)

a pension beginning on or after 7th April 1997 and before 6th April 1998 may be increased by 3.6 per cent multiplied by A/B where

(a)

A is the number of complete months in the period between the beginning date of the pension and 6th April 1998, and

(b)

B is 12.