The Public Service Pensions Revaluation (Prices) Order (Northern Ireland) 2017

Date published: 24 February 2017

The Public Service Pensions Act (Northern Ireland) 2014 provided for the establishment of Career Average Revalued Earnings (CARE) public service pension schemes in Northern Ireland from April 2015. Under section 9 of the Act the Department is required to make Orders each year to specify the change in the general level of prices or earnings used by CARE schemes for the purpose of revaluing active members’ pension benefits. 

Details

The Public Service Pensions Revaluation (Prices) Order (Northern Ireland) 2017 makes legislative provision for the revaluation of members’ benefits for those CARE schemes which use the change in prices as the measure for revaluation. The published Consumer Prices Index figure relevant for 2016 – 2017 is 1%.

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