# The Pensions Increase (Review) Order (Northern Ireland) 2023, Article 3: Pension increases: annual rate and lump sums

Extent: N.I.

(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 10th April 2023, the pension authority may increase the annual rate of the pension—
(a) for a pension which began before 11th April 2022, by 10.1 per cent;
(b) for a pension which began on or after 11th April 2022, by 10.1 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 10th April 2023.
(3) In relation to a lump sum which is payable on or after 11th April 2022 but before 10th April 2023, the pension authority may increase the lump sum by 10.1 per cent multiplied by—
A 12 where A is the number of complete months in the period between the beginning date of the lump sum (or, if later, 11th April 2022) and the date on which it becomes payable.

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Source: https://www.legislation.gov.uk/nisr/2023/58/article/3 (the official version)
Page: https://openlegislation.uk/pensions-increase-review-order-northern-ireland-2023/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.