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The Public Service Pensions Revaluation Order (Northern Ireland) 2023
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- Northern Ireland Statutory Rules
- 2023 No. 54
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Citation, commencement and effect
1.—(1) This Order may be cited as the Public Service Pensions Revaluation Order (Northern Ireland) 2023 and comes into operation on 1st April 2023.
(2) Subject to paragraph (3), this Order has effect from the beginning of 1st April 2023.
(3) This Order has effect from the beginning of 6th April 2023 in respect of schemes made under:
(a)The Local Government Pension Scheme Regulations (Northern Ireland) 2014(1); and
(b)The Health and Social Care Pension Scheme Regulations (Northern Ireland) 2015(2).
Revaluation by reference to change in prices or earnings
2. For the purposes of section 9(2) of the Public Service Pensions Act (Northern Ireland) 2014 (revaluation), in relation to the period beginning on 1st April 2022 and ending on 31st March 2023—
(a)the change in prices is an increase of 10.1 per cent; and
(b)the change in earnings is an increase of 7 per cent.
Sealed with the Official Seal of the Department of Finance on 30th March 2023.
(L.S.)
Patrick Neeson
A senior officer of the
Department of Finance
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