Step 1 —,Calculate the basic amount of the increase in accordance with regulations 73G to 73I, to find the Step 1 amount.,
Step 2 —,Multiply the Step 1 amount by the prices index for the second month before the month in which the increase in pension will become payable, to find the Step 2 amount.,
Step 3 —,Divide the Step 2 amount by the prices index for the month in which the option was exercised, to find the Step 3 amount.,
Step 4 —,Take the greater of the Step 1 amount and Step 3 amount, to find the Step 4 amount.,
Step 5 —,Add to the Step 4 amount an amount that is equal to any increases that would be due under the Pensions (Increase) Act (Northern Ireland) 1971 on a pension of the same amount as the Step 4 amount when it first falls into payment, to find the Step 5 amount.,
Step 6 —,Divide the Step 5 amount by the Step 4 amount, to find the Step 6 factor.,
Step 7 —,Divide the Step 4 amount by the Step 6 factor to find the final amount referred to in paragraph (1).,
Step 1 —,Calculate the basic amount of the increase in accordance with regulations 40 to 42, to find the Step 1 amount.,
Step 2 —,Multiply the Step 1 amount by the prices index for the second month before the month in which the increase in pension will become payable, to find the Step 2 amount.,
Step 3 —,Divide the Step 2 amount by the prices index for the month in which the option was exercised, to find the Step 3 amount.,
Step 4 —,Take the greater of the Step 1 amount and Step 3 amount, to find the Step 4 amount.,
Step 5 —,Add to the Step 4 amount an amount that is equal to any increases that would be due under the Pensions (Increase) Act (Northern Ireland) 1971 on a pension of the same amount as the Step 4 amount when it first falls into payment, to find the Step 5 amount.,
Step 6 —,Divide the Step 5 amount by the Step 4 amount, to find the Step 6 factor.,
Step 7 —,Divide the Step 4 amount by the Step 6 factor to find the final amount referred to in paragraph (1).,
Step 1 —,Calculate the basic amount of the increase in accordance with regulations 171 to 173, to find the Step 1 amount.,
Step 2 —,Multiply the Step 1 amount by the prices index for the second month before the month in which the increase in pension will become payable, to find the Step 2 amount.,
Step 3 —,Divide the Step 2 amount by the prices index for the month in which the option was exercised, to find the Step 3 amount.,
Step 4 —,Take the greater of the Step 1 amount and Step 3 amount, to find the Step 4 amount.,
Step 5 —,Add to the Step 4 amount an amount that is equal to any increases that would be due under the Pensions (Increase) Act (Northern Ireland) 1971 on a pension of the same amount as the Step 4 amount when it first falls into payment, to find the Step 5 amount.,
Step 6 —,Divide the Step 5 amount by the Step 4 amount, to find the Step 6 factor.,
Step 7 —,Divide the Step 4 amount by the Step 6 factor to find the final amount referred to in paragraph (1).,