BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
Statutory Rules of Northern Ireland |
||
|
You are here: BAILII >> Databases >> Statutory Rules of Northern Ireland >> The Public Service Pensions Revaluation Order (Northern Ireland) 2019 URL: http://www.bailii.org/nie/legis/num_reg/2019/nisr_201971_en_1.html |
||
[New search] [Printable PDF version] [Help]
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Statutory Rules of Northern Ireland
Public Service Pensions
Made
28th March 2019
Coming into operation
1st April 2019
The Department of Finance makes the following Order in exercise of the powers conferred by section 9(2) and (3) of the Public Service Pensions Act (Northern Ireland) 2014(1):
1. This Order may be cited as the Public Service Pensions Revaluation Order (Northern Ireland) 2019 and comes into operation on 1st April 2019.
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 2018 and ending on 31st March 2019-
(a)the change in prices is an increase of 2.4 per cent; and
(b)the change in earnings is an increase of 2.8 per cent.
Sealed with the Official Seal of the Department of Finance on 28th March 2019.
(L.S.)
Grace Nesbitt
A senior officer of the
Department of Finance
(This note is not part of the Order)
Section 9 of the Public Service Pensions Act (Northern Ireland) 2014 applies to public service pension schemes established under that Act which require a revaluation of pensionable earnings, or a portion of such earnings accrued as a pension, by reference to a change in prices or earnings (or both) in a given period.
In relation to the period 1st April 2018 to 31st March 2019 inclusive, Article 2 of this Order specifies an increase in prices of 2.4 per cent, based on the year on year change in the Consumer Prices Index to September 2018; and an increase in earnings of 2.8 per cent, based on a measure of the year on year change in average weekly earnings to September 2018.
