Pensions (Increase) Order 2004
PENSIONS (INCREASE) ORDER 2004
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BR 81/2004
PENSIONS (INCREASE) ACT 1972
1972 : 15
THE PENSIONS (INCREASE) ORDER 2004
The Minister of Finance, in exercise of the powers conferred upon
her 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 2004.
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 2004, be increased as
follows—
(a) the rate of pensions beginning on or before 30 June 2002
shall be increased by 7 per cent;
(b) the rate of pensions beginning in the half year period
ending on 31 December 2002 shall be increased by 6 per
cent;
(c) the rate of pensions beginning in the half year period
ending on 30 June 2003 shall be increased by 4½ per
cent;
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(d) the rate of pensions beginning in the half year period
ending on 31 December 2003 shall be increased by 3 per
cent;
(e) the rate of pensions beginning in the half year period
ending on 30 June 2004 shall be increased by 1 per cent.
Made this 20th day of December , 2004
Minister of Finance
