The Pensions Increase (Annual Review) Order 1974

1.—(1) Subject to the provisions of this Act, the annual rate of an official pension may, if any qualifying condition is satisfied or the pension is a widow's pension, be increased by the pension authority in respect of any period on or after 1st December 1974, as follows:—

(a) a pension beginning before the year 1969 may be increased by the amount necessary to bring the rate up to the 1969 standard, that is to say to the rate arrived at by applying to the basic rate of pension the multiplier given in Schedule 1 for the year in which the pension began, and by a further 65·1299 per cent. of the rate so increased;

(b) a pension beginning on or before 1st April 1969 but not earlier than that year may be increased by 65·1299 per cent. of the basic rate;

(c) a pension beginning in the six months following 1st April 1969 may be increased by 62·3311 per cent. of the basic rate;

(d) a pension beginning in the six months following 1st October 1969 may be increased by 59·5323 per cent. of the basic rate;

(e) a pension beginning in the six months following 1st April 1970 may be increased by 53·9347 per cent. of the basic rate;

(f) a pension beginning in the six months following 1st October 1970 may be increased by 48·3371 per cent. of the basic rate;

(g) a pension beginning in the six months following 1st April 1971 may be increased by 41·3413 per cent. of the basic rate;

(h) a pension beginning in the six months following 1st October 1971 may be increased by 34·4652 per cent. of the basic rate;

(i) a pension beginning in the six months following 1st April 1972 may be increased by 31·7912 per cent. of the basic rate;

(j) a pension beginning in the six months following 1st July 1972 may be increased by 28·6160 per cent. of the basic rate;

(k) a pension beginning in the six months following 1st January 1973 may be increased by 23·6065 per cent. of the basic rate;

(l) a pension beginning in the six months following 1st July 1973 may be increased by 18·1 per cent. of the basic rate;

(m) a pension beginning in the six months following 1st January 1974 may be increased by 12·3 per cent. of the basic rate.

(2) In the case of a pension beginning before the year 1969 the increase authorised by subsection (1)(a) above shall take the place of those authorised by the Pensions (Increase) Acts 1920 to 1969, but in the cases provided for by section 6 below shall be of the larger amount there specified by reference to increases that might have been made under those Acts together with a further increase of 65·1299 per cent. of the pension as so increased.