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 8th April 2013 the increase is 2.70%.
For pensions which began on or after 8th April 2013 the increases (following the calculation set out in article 3(1)(b)) are as follows:—
| Pensions Beginning | Percentage Increase | Pensions Beginning | Percentage Increase |
|---|---|---|---|
8th April 2013 to 22nd April 2013 | 2.70% | 23rd November 2013 to 22nd December 2013 | 0.90% |
23rd April 2013 to 22nd May 2013 | 2.48% | 23rd December 2013 to 22nd January 2014 | 0.68% |
23rd May 2013 to 22nd June 2013 | 2.25% | 23rd January 2014 to 22nd February 2014 | 0.45% |
23rd June 2013 to 22nd July 2013 | 2.03% | 23rd February 2014 to 22nd March 2014 | 0.23% |
23rd July 2013 to 22nd August 2013 | 1.80% | ||
23rd August 2013 to 22nd September 2013 | 1.58% | ||
23rd September 2013 to 22nd October 2013 | 1.35% | ||
23rd October 2013 to 22nd November 2013 | 1.13% |
The Order provides for increases on certain deferred lump sums which became payable on or after 8th April 2013 and before 7th April 2014.
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.