# The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2001

S.R. 2001/100 · made 7 March 2001

This Order corresponds to an Order (S.I. 2001/631) made by the Secretary of State for Social Security under sections 148(3) and (4) and 189(5) of the Social Security Administration Act 1992. It directs that the earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit or of any guaranteed minimum pension, or to any other calculation required under Part III of the Pension Schemes (Northern Ireland) Act 1993, are to be increased for the tax years specified in the Schedule to this Order by the percentage of their amount specified in that Schedule. The percentage for the tax year 2000-01 is also relevant for the revaluation of the weekly rate of additional pension and shared additional pension in accordance with sections 45B(6), 55A(5) and 55B(6) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (“the 1992 Act”). The percentage for the tax year 2000-01 is 4 per cent, and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2000-01 earnings levels.

Made under: Social Security Administration Act 1992

PDFs: Printed copy https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-northern-ireland-2001/pdf/nisr_20010100_en.pdf

## Introductory text

SOCIAL SECURITY
Made 7th March 2001
Coming into operation 6th April 2001
Whereas the Secretary of State for Social Security has made an Order under sections 148(3) and (4) and 189(5) of the Social Security Administration Act 1992:

## 1 Citation and commencement

This Order may be cited as the Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2001 and shall come into operation on 6th April 2001.

## 2 Revaluation of earnings factors

The earnings factors for tax years specified in the first column of the Schedule to this Order, in so far as they are relevant—
(a) to the calculation—
(i) of the additional pension in the rate of any long-term benefit, or
(ii) of any guaranteed minimum pension, or
(b) to any other calculation required under Part III of the Pension Schemes (Northern Ireland) Act 1993 (including that Part as modified by or under any other enactment),
are directed to be increased for those tax years by the percentage of their amount shown opposite those tax years in the second column of that Schedule.

## 3 Rounding of fractional amounts

Where any earnings factor relevant to the calculation specified in Article 2(a)(i) of this Order, as increased in accordance with this Order, would not but for this Article be expressed as a whole number of pounds, it shall be so expressed by the rounding down of any fraction of a pound less than one half and the rounding up of any other fraction of a pound.

## Signature

Sealed with the Official Seal of the Department for Social Development on 7th March 2001.
L.S.
John O'Neill
Senior Officer of the
Department for Social Development

## 

Tax Year
Percentage Increase
1978-79
475·9
1979-80
408·3
1980-81
324·6
1981-82
255·6
1982-83
223·0
1983-84
199·9
1984-85
177·7
1985-86
160·5
1986-87
139·2
1987-88
122·7
1988-89
104·9
1989-90
84·9
1990-91
72·4
1991-92
56·5
1992-93
47·0
1993-94
40·0
1994-95
35·8
1995-96
30·1
1996-97
26·5
1997-98
20·5
1998-99
15·2
1999-2000
10·6
2000-2001
4·0

## Explanatory note

(This note is not part of the Order.)
This Order corresponds to an Order (S.I. 2001/631) made by the Secretary of State for Social Security under sections 148(3) and (4) and 189(5) of the Social Security Administration Act 1992. It directs that the earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit or of any guaranteed minimum pension, or to any other calculation required under Part III of the Pension Schemes (Northern Ireland) Act 1993, are to be increased for the tax years specified in the Schedule to this Order by the percentage of their amount specified in that Schedule. The percentage for the tax year 2000-01 is also relevant for the revaluation of the weekly rate of additional pension and shared additional pension in accordance with sections 45B(6), 55A(5) and 55B(6) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (“the 1992 Act”). The percentage for the tax year 2000-01 is 4 per cent, and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2000-01 earnings levels.
The Order also provides for the rounding of fractional amounts for earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit. Rounding for the purpose of the calculation of any guaranteed minimum pension is not required by virtue of section 23(2) of the 1992 Act.

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Source: https://www.legislation.gov.uk/nisr/2001/100 (the official version)
Page: https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-northern-ireland-2001
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.