Pensions (Increase) Order 1997

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1997/Statutory%20Instruments/Pensions%20%28Increase%29%20Order%201997.pdf

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Pensions (Increase) Order 1997
Title 9
Laws of Bermuda Item 32(c)

1989 Revision 1

BERMUDA STATUTORY INSTRUMENT

BR 16/1997

PENSIONS (INCREASE) ORDER 1972

[made under section 2(2) of the Pensions (Increase) Act 1972 [title 9 item
32] and brought into operation on 27 March 1997]

Citation
1 This Order may be cited as the Pensions (Increase) Order 1997.

Increase of rates of pensions
2 The annual rate of pensions to which the Pensions (Increase) Act
1972 applies shall, with effect from 1 July 1996, be increased as
follows—

(a) the rate of pensions beginning on or before 30 June 1994
shall be increased by 5½ per cent;

(b) the rate of pensions beginning in the half year period
ending on 31 December 1994 shall be increased by 4½
per cent;

(c) the rate of pensions beginning in the half year period
ending on 30 June 1995 shall be increased by 3 per cent;

(d) the rate of pensions beginning in the half year period
ending on 31 December 1995 shall be increased by 2 per
cent;

PENSIONS (INCREASE) ORDER 1997

2 1989 Revision

(e) the rate of pensions beginning in the half year period
ending on 30 June 1996 shall be increased by ½ per cent.