Explanatory note
(This note is not part of the Order.)
This Order provides for increases in the rates of public service pensions.
The increase to be made in the rates of such pensions is the percentage (or in some circumstances a fraction of the percentage) by which the Department for Social Development has increased the sums which are the additional pensions in long-term benefits, namely the additional pension entitlements accruing to employees in respect of their earnings after 5th April 1978.
For pensions which began before 10th April 2006 the increase is 3.6%.
For pensions which began on or after 10th April 2006 the increases as follows:—
| Pensions Beginning | Percentage Increase | Pensions Beginning | Percentage Increase |
|---|---|---|---|
| 10th April 2006 to 24th April 2006 | 3.60% | 25th November 2006 to 24th December 2006 | 1.20% |
| 25th April 2006 to 24th May 2006 | 3.30% | 25h December 2006 to 24th January 2007 | 0.90% |
| 25th May 2006 to 24th June 2006 | 3.00% | 25th January 2007 to 24th February 2007 | 0.60% |
| 25th June 2006 to 24th July 2006 | 2.70% | 25th February 2007 to 24th March 2007 | 0.30% |
| 25th July 2006 to 24th August 2006 | 2.40% | 25th March 2007 onwards | Nil |
| 25th August 2006 to 24th September 2006 | 2.10% | ||
| 25th September 2006 to 24th October 2006 | 1.80% | ||
| 25th October 2006 to 24th November 2006 | 1.50% |
The Order provides for increases on certain deferred lump sums which became payable on or after 10th April 2006 and before 9th April 2007.
The Order also makes provision for the amount by reference to which any increase in the rate of an official pension is to be calculated to be reduced by an amount equal to the rate of the guaranteed minimum pension entitlement deriving from the employment which gives rise to the official pension.