Occupational Pensions (Revaluation) Order (Northern Ireland) 1995

Made: 23rd November 1995

Coming into operation: 1st January 1996

Now, therefore, the Department of Health and Social Services for Northern Ireland, in exercise of the powers conferred on it by paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993[^f00003] and of all other powers enabling it in that behalf, hereby makes the following Order:

Citation, commencement and interpretation

1

• (1) This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 1995 and shall come into operation on 1st January 1996.

• (2) The Interpretation Act (Northern Ireland) 1954[^f00004] shall apply to this Order as it applies to a Measure of the Assembly.

Revaluation percentage for each revaluation period

2

For the purposes of paragraph 2(l) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993, the revaluation percentage for each revaluation period specified in column 1 of the Schedule is the appropriate percentage specified in column 2 of that Schedule.

SCHEDULE

Signed

Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on

W. G. Purdy — Assistant Secretary — 23rd November 1995.

Explanatory note

(This note is not part of the Order.)

This Order, which corresponds to an Order (S.I. 1995/3021) made by the Secretary of State for Social Security under paragraph 2(l) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant to the revaluation of benefits under occupational pension schemes, as required by section 80 of, and Schedule 2 to, the Pension Schemes (Northern Ireland) Act 1993.

Footnotes

[^f00001]: S.I. 1995/3021

[^f00002]: 1993 c. 48

[^f00003]: 1993 c. 49

[^f00004]: 1954 c. 33 (N.I.)