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The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 1996

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Revaluation of earnings factors

2.  The earnings factors(1) 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(2) (including that Part as modified by or under any other enactment),

are directed to be increased for the tax years specified in the first column of the Schedule to this Order by the percentage of their amount shown opposite those tax years in the second column of that Schedule.

(1)

See sections 22 and 23 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7). Section 23(1) was amended by Article 131(1) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) and section 23(2) was amended by paragraph 31 of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993

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