# The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2004

S.R. 2004/81 · made 4 March 2004

This Order corresponds to an Order (S.I. 2004/262) made by the Secretary of State for Work and Pensions under sections 148(3) and (4) and 189(1), (4) and (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 percentages for the tax years from and including 2000-2001 are also relevant for the revaluation of state scheme pension debits and credits 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 2003-2004 is 3·8 per cent., and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2003-2004 earnings levels.

Made under: Social Security Administration Act 1992; Social Security Administration (Northern Ireland) Act 1992 (Section 130, Section 165)

PDFs: Printed copy https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-northern-ireland-2004/pdf/nisr_20040081_en.pdf

## Introductory text

SOCIAL SECURITY
Made 4th March 2004
Coming into operation 6th April 2004
Whereas the Secretary of State for Work and Pensions has made an Order under sections 148(3) and (4) and 189(1), (4) and (5) of the Social Security Administration Act 1992:
Now, therefore, the Department for Social Development, in exercise of the powers conferred by sections 130 and 165(1), (4) and (5) of the Social Security Administration (Northern Ireland) Act 1992, and now vested in it, and of all other powers enabling it in that behalf, hereby makes the following Order:

## 1 Citation and commencement

This Order may be cited as the Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2004 and shall come into operation on 6th April 2004.

## 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 4th March 2004.
L.S.
John O'Neill
Senior Officer of the
Department for Social Development

## 

Tax Year
Percentage Increase
1978–79
545·9
1979–80
470·1
1980–81
376·3
1981–82
298·9
1982–83
262·3
1983–84
236·4
1984–85
211·5
1985–86
192·2
1986–87
168·3
1987–88
149·8
1988–89
129·8
1989–90
107·4
1990–91
93·3
1991–92
75·6
1992–93
64·9
1993–94
57·0
1994–95
52·3
1995–96
45·9
1996–97
41·9
1997–98
35·1
1998–99
29·2
1999–2000
24·0
2000–2001
16·6
2001–2002
12·2
2002–2003
7·5
2003–2004
3·8

## Explanatory note

(This note is not part of the Order.)
This Order corresponds to an Order (S.I. 2004/262) made by the Secretary of State for Work and Pensions under sections 148(3) and (4) and 189(1), (4) and (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 percentages for the tax years from and including 2000-2001 are also relevant for the revaluation of state scheme pension debits and credits 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 2003-2004 is 3·8 per cent., and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2003-2004 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/2004/81 (the official version)
Page: https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-northern-ireland-2004
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.