Pensions (Public Service Superannuation Act 1981) (Increase)

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1999/Statutory%20Instruments/Pensions%20%28Public%20Service%20Superannuation%20Act%201981%29%20%28Increase%29.pdf
Published: 1999

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Pensions (Public Service Superannuation Act 1981) (Increase) Order 1999
PENSIONS (PUBLIC SERVICE SUPERANNUATION ACT 1981)
(INCREASE) ORDER 1999

1

BR 8/1999

PENSIONS (INCREASE) ACT 1972

1972 : 32

THE PENSIONS (PUBLIC SERVICE SUPERANNUATION
ACT 1981) (INCREASE) ORDER 1999

The Public Service Superannuation Board in exercise of the
powers conferred upon it by Section 2(2) of the Pensions (Increase) Act
1972 as applied by Section 3(4) of the Public Service Superannuation Act
1981 makes the following Order:

Citation
1 This Order may be cited as the Pensions (Public Service
Superannuation Act 1981) (Increase) Order 1999.

Increase of rates of pensions
2 The annual rate of pensions payable under the provisions of the
Public Service Superannuation Act 1981 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;

PENSIONS (PUBLIC SERVICE SUPERANNUATION ACT 1981)
(INCREASE) ORDER 1999

2

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

(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 8th day of March, 1999

Chairman
Public Service Superannuation Board