The Public Service Pensions Revaluation Order (Northern Ireland) 2019

Document Number:2019 No. 71
 
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Statutory Rules of Northern Ireland

Public Service Pensions

Made

28 th March 2019

Coming into operation

1 st 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):

Citation and commencement

  1. This Order may be cited as the Public Service Pensions Revaluation Order (Northern Ireland) 2019 and comes into operation on 1 st April 2019.

    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 1 st April 2018 and ending on 31 st 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 28 th March 2019.

    (L.S.)

    Grace Nesbitt

    A senior officer of the

    Department of Finance

    EXPLANATORY NOTE

    (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...

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