Pensions (Increase) Order 2003
PENSIONS (INCREASE) ORDER 2003

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BR 19/2003

PENSIONS (INCREASE) ACT 1972

1972 : 15

THE PENSIONS (INCREASE) ORDER 2003

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 2003.

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 2002, be increased as
follows—

(a) the rate of pensions beginning on or before 30 June 2000
shall be increased by 5½ per cent;

(b) the rate of pensions beginning in the half year period
ending on 31 December 2000 shall be increased by 4½
per cent;

(c) the rate of pensions beginning in the half year period
ending on 30 June 2001 shall be increased by 3 per cent;

(d) the rate of pensions beginning in the half year period
ending on 31 December 2001 shall be increased by 1½
per cent;

(e) the rate of pensions beginning in the half year period
ending on 30 June 2002 shall be increased by ½ per cent.

PENSIONS (INCREASE) ORDER 2003

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Made this 19th day of March, 2003

Minister of Finance