# The Police Pensions (Amendment) Regulations (Northern Ireland) 2017, Paragraph 2: The Police Pensions Regulations (Northern Ireland) 2015


In regulation 2 (interpretation)—
(a) in the definition of “final pay” for “Chapter 5” substitute “Chapter 7”;
(b) for the definition of “index adjustment” substitute—
““index adjustment” means—
(a) in relation to the opening balance of earned pension for any scheme year (other than the opening balance of club transfer earned pension) means the change in prices for the previous scheme year plus 1.25%; and
(b) in relation to the opening balance of club transfer earned pension for any scheme year means the in-service revaluation index that the sending scheme would have applied to that amount of earned pension for that scheme year, had the earned pension not been transferred;”;
(c) in the definition of “pension supervising authority for “Part 2.” substitute “regulation 208;”

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Source: https://www.legislation.gov.uk/nisr/2017/26/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/police-pensions-amendment-regulations-northern-ireland-2017/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.