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← The Pensions Increase (Review) Order 1995

The Pensions Increase (Review) Order 1995 art 3

The Pensions Increase (Review) Order 1995 art 3

art 3 Pension increases

The annual rate of an official pension may, if a qualifying condition is satisfied or the pension is a derivative or substituted pension or a relevant injury pension, be increased by the pension authority in respect of any period on or after 10th April 1995 as follows— (1) a pension beginning before 11th April 1994 may be increased by 2.2 per cent of the basic rate as increased by the amount of any increase under section 1 of the 1971 Act or the existing Orders; (2) a pension beginning on or after 11th April 1994 and before 10th April 1995 may be increased by 2.2 per cent multiplied by A where may be increased by 2.2 per cent multiplied by where A is the number of complete months in the period between the beginning date of the pension and 10th April 1995, and B is 12.

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