# The Pensions Increase (Review) Order 2018, Article 3: Pensions increase: annual rate and lump sums


(1) This article applies to an official pension if—
(a) a qualifying condition is satisfied; or
(b) the pension is—
(i) a derivative pension;
(ii) a substituted pension; or
(iii) a relevant injury pension.
(2) In relation to any period on or after 9th April 2018, the pension authority may increase the annual rate of the pension—
(a) for a pension which began before 10th April 2017, by 3 per cent;
(b) for a pension which began on or after 10th April 2017, by 3 per cent multiplied by—
A 12 where A is the number of complete months in the period between the beginning date of the pension and 9th April 2018.
(3) In relation to a lump sum which is payable on or after 10th April 2017 but before 9th April 2018, the pension authority may increase the lump sum by 3 per cent multiplied by—
A 12 where A is the number of complete months in the period between the beginning date for the lump sum (or, if later, 10th April 2017) and the date on which it became payable.

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Source: https://www.legislation.gov.uk/uksi/2018/333/article/3 (the official version)
Page: https://openlegislation.uk/pensions-increase-review-order-2018/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.