Explanatory note

Section 9 of the Public Service Pensions Act (Northern Ireland) 2014 applies to public service pension schemes established under that Act which require a revaluation of pensionable earnings, or a portion of such earnings accrued as a pension, by reference to a change in prices or earnings (or both) in a given period.

In relation to the period 1st April 2020 to 31st March 2021 inclusive, Article 2 of this Order specifies an increase in prices of 0.5 per cent, based on the year on year change in the Consumer Prices Index to September 2020; and an increase in earnings of 2.4 per cent, based on a measure of the year on year change in average weekly earnings to September 2020.