The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2019

Document Number:2019 No. 43
 
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Statutory Rules of Northern Ireland

Social Security

Made

12 th March 2019

Coming into operation

6 th April 2019

This Order is made in exercise of the powers conferred by sections 130 and 165(4) and (5) of the Social Security Administration (Northern Ireland) Act 1992(1) , and now vested in the Department for Communities(2).

The Secretary of State for Work and Pensions has made an Order(3) under section 148 of the Social Security Administration Act 1992(4).

Accordingly the Department for Communities makes the following Order.

Citation and commencement

  1. This Order may be cited as the Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2019 and shall come into operation on 6 th April 2019.

    Revaluation of earnings factors

  2. Earnings factors(5) for the tax years specified in the Schedule to this Order in so far as they are relevant—

    (a) to the calculation of—

    (i) the additional pension in the rate of any long-term benefit, or

    (ii) any guaranteed minimum pension(6) , or

    (b) to any other calculation required under Part III of the Pension Schemes (Northern Ireland) Act 1993(7) (including that Part as modified by or under any other enactment) ,

    are directed to be increased by the percentage of their amount shown opposite those tax years in that Schedule.

    Rounding of fractional amounts

  3. Where any earnings factor relevant to the calculation specified in Article 2(a)(i) , as increased in accordance with this Order, would not but for this Article be expressed as a whole number of pounds, it shall be so expressed by rounding down any fraction of a pound less than one half and rounding up any other fraction of a pound.

    Sealed with the Official Seal of the Department for Communities on 12 th March 2019

    (L.S.)

    Anne McCleary

    A senior officer of the Department for Communities

    Article 2

    SCHEDULEPercentage increase of earnings factors for specified tax years

    EXPLANATORY NOTE

    (This note is not part of the Order)

    This Order corresponds to an Order (S.I. 2019/376) made by the Secretary of State for Work and Pensions under section 148 of the Social Security Administration Act 1992. It directs that the earnings factors relevant to the calculation of additional pension in any long-term benefit (in practice, now relevant only to the calculation of inherited additional pension) , or of any guaranteed minimum pension, or to any other calculation required under Part III of the Pension Schemes (Northern Ireland) Act 1993 are to be increased...

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