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The Pensions Increase (Review) Order (Northern Ireland) 2014
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Increase in certain lump sums
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4.—(1) This Article applies to any lump sum or instalment of a lump sum which became payable on or after 8th April 2013 but before 7th April 2014.
(2) The pension authority may increase a lump sum or instalment of a lump sum to which this Article applies by 2.70 per cent of the amount of the lump sum or instalment (as increased by the amount of any increase under section 1 of the 1971 Act or under the existing Orders) multiplied by—
where A is the number of complete months in the period between the beginning date for the lump sum or, if later, 8th April 2013 and the date on which it became payable.
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