Statutory Rules of Northern Ireland
PENSIONS
Made
26th November 1997
Coming into operation
1st January 1998
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 1993(3) and of all other powers enabling it in that behalf, hereby makes the following Order:
1.—(1) This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 1997 and shall come into operation on 1st January 1998.
(2) The Interpretation Act (Northern Ireland) 1954(4) shall apply to this Order as it applies to a Measure of the Assembly.
2. 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
L.S.
John O'Neill
Assistant Secretary
26th November 1997.
Article 2
| Column 1 | Column 2 |
|---|---|
| Revaluation Period | Revaluation Percentage |
| 1st January 1986-31st December 1997 | 67·1% |
| 1st January 1987-31st December 1997 | 62·1% |
| 1st January 1988-31st December 1997 | 55·5% |
| 1st January 1989-31st December 1997 | 47·1% |
| 1st January 1990-31st December 1997 | 36·8% |
| 1st January 1991-31st December 1997 | 23·3% |
| 1st January 1992-31st December 1997 | 18·5% |
| 1st January 1993-31st December 1997 | 14·3% |
| 1st January 1994-31st December 1997 | 12·3% |
| 1st January 1995-31st December 1997 | 9·9% |
| 1st January 1996-31st December 1997 | 5·8% |
| 1st January 1997-31st December 1997 | 3·6% |
| (all dates inclusive) |
(This note is not part of the Order.)
This Order which corresponds to an Order (S.I. 1997/2815) made by the Secretary of State for Social Security under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant to the revaluation of benefits under occupational pension schemes, as required by section 80 of, and Schedule 2 to, the Pension Schemes (Northern Ireland) Act 1993.