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 9th April 2007 the increase is 3.9%.
For pensions which began on or after 9th April 2007 the increases are as follows:—
| Pensions Beginning | Percentage Increase | Pensions Beginning | Percentage Increase |
|---|---|---|---|
| 9th April 2007 to 22nd April 2007 | 3.90% | 23rd November 2007 to 22nd December 2007 | 1.30% |
| 23rd April 2007 to 22nd May 2007 | 3.58% | 23rd December 2007 to 22nd January 2008 | 0.98% |
| 23rd May 2007 to 22nd June 2007 | 3.25% | 23rd January 2008 to 22nd February 2008 | 0.65% |
| 23rd June 2007 to 22nd July 2007 | 2.93% | 23rd February 2008 to 22nd March 2008 | 0.33% |
| 23rd July 2007 to 22nd August 2007 | 2.60% | 23rd March 2008 onwards | Nil |
| 23rd August 2007 to 22nd September 2007 | 2.28% | ||
| 23th September 2007 to 22nd October 2007 | 1.95% | ||
| 23rd October 2007 to 22nd November 2007 | 1.63% |
The Order provides for increases on certain deferred lump sums which became payable on or after 9th April 2007 and before 7th April 2008.
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.