Pensions (Increase) Order 1999

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1999/Statutory%20Instruments/Pensions%20%28Increase%29%20Order%201999.pdf

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Pensions (Increase) Order 1999
PENSIONS (INCREASE) ORDER 1999

1

BR 7/1999

PENSIONS (INCREASE) ACT 1972

1972 : 32

THE PENSIONS (INCREASE) ORDER 1999

The Minister in exercise of the powers conferred upon him by
section 2(2) of the Pensions (Increase) Act 1972 makes the following
Order:

Citation
1 This Order may be cited as the Pensions (Increase) Order 1999.

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 1998, be increased as
follows—

(a) the rate of pensions beginning on or before 30 June 1996
shall be increased by 4 per cent;

(b) the rate of pensions beginning in the half year period
ending on 31 December 1996 shall be increased by 3½
per cent;

(c) the rate of pensions beginning in the half year period
ending on 30 June 1997 shall be increased by 2½ per
cent;

PENSIONS (INCREASE) ORDER 1999

2

(d) the rate of pensions beginning in the half year period
ending on 31 December 1997 shall be increased by 1½
per cent;

(e) the rate of pensions beginning in the half year period
ending on 30 June 1998 shall be increased by ½ per cent.

Made this 9th day of March, 1999

Minister of Finance