# The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2006

S.R. 2006/72 · made 1 March 2006

This Order corresponds to an Order (S.I. 2006/496) 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 purposes of revaluing 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 2005-2006 is 3.4 per cent. and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2005-2006 earnings levels.

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

PDFs: Printed copy https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-northern-ireland-2006/pdf/nisr_20060072_en.pdf

## Introductory text

SOCIAL SECURITY
Made 1st March 2006
Coming into operation 6th April 2006
This Order is made 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 the Department for Social Development.
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.
Accordingly the Department for Social Development makes the following Order.

## 1 Citation and commencement

This Order may be cited as the Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2006 and shall come into operation on 6th April 2006.

## 2 Revaluation of earnings factors

The earnings factors for the tax years specified in the first column of the Schedule 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 the Schedule.

## 3 Rounding of fractional amounts

Where any earnings factor relevant to the calculation specified in Article 2(a)(i), 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 1st March 2006.
L.S.
John O'Neill
A senior officer of the
Department for Social Development

## 

Tax Year
Percentage
1978-79
595.3
1979-80
513.7
1980-81
412.7
1981-82
329.4
1982-83
290.0
1983-84
262.1
1984-85
235.3
1985-86
214.5
1986-87
188.8
1987-88
168.9
1988-89
147.4
1989-90
123.3
1990-91
108.1
1991-92
89.0
1992-93
77.5
1993-94
69.0
1994-95
63.9
1995-96
57.0
1996-97
52.7
1997-98
45.5
1998-99
39.1
1999-2000
33.5
2000-2001
25.6
2001-2002
20.7
2002-2003
15.8
2003-2004
11.7
2004-2005
7.6
2005-2006
3.4

## Explanatory note

(This note is not part of the Order)
This Order corresponds to an Order (S.I. 2006/496) 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 purposes of revaluing 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 2005-2006 is 3.4 per cent. and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2005-2006 earnings levels.
This 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/2006/72 (the official version)
Page: https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-northern-ireland-2006
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.