1998 No. 420
The Occupational Pensions (Revaluation) Order (Northern Ireland) 1998
Made
Coming into operation
Whereas the Secretary of State for Social Security has made an Order1 under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 19932:
Now, therefore, the Department of Health and Social Services for Northern Ireland, in exercise of the powers conferred on it by paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 19933 and of all other powers enabling it in that behalf, hereby makes the following Order:
Citation, commencement and interpretation1
1
This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 1998 and shall come into operation on 1st January 1999.
2
The Interpretation Act (Northern Ireland) 19544 shall apply to this Order as it applies to a Measure of the Assembly.
Revaluation percentage for each revaluation period2
For the purposes of paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993, the revaluation percentage for each revaluation period specified in column 1 of the Schedule is the percentage specified opposite thereto in column 2.
Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on
SCHEDULE
Column 1 | Column 2 |
|---|---|
Revaluation Period | Revaluation Percentage |
1st January 1986–31st December 1998 | 72.4% |
1st January 1987–31st December 1998 | 67.3% |
1st January 1988–31st December 1998 | 60.5% |
1st January 1989–31st December 1998 | 51.9% |
1st January 1990–31st December 1998 | 41.1% |
1st January 1991–31st December 1998 | 27.3% |
1st January 1992–31st December 1998 | 22.2% |
1st January 1993–31st December 1998 | 18.0% |
1st January 1994–31st December 1998 | 15.9% |
1st January 1995–31st December 1998 | 13.4% |
1st January 1996–31st December 1998 | 9.2% |
1st January 1997–31st December 1998 | 6.9% |
1st January 1998–31st December 1998 | 3.2% |
(all dates inclusive) |
(This note is not part of the Order.)