Pensions (Increase) Order 2013
FA E R
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AT F
TQUO U

BERMUDA

PENSIONS (INCREASE) ORDER 2013

BR 23 / 2013

The Minister of Finance, in exercise of the powers conferred under section 2(2) of
the Pensions (Increase) Act 1972, makes the following Order:

Citation
This Order may be cited as the Pensions (Increase) Order 2013.

Increase of rates of pensions
The annual rate of pensions to which the Pensions (Increase) Act 1972 applies shall,

with effect from 1 July 2012, be increased as follows—

the rate of pensions beginning on or before 30 June 2010 shall be increased
by 5.5 per cent;

the rate of pensions beginning in the half year period ending on 31
December 2010 shall be increased by 5.5 per cent;

the rate of pensions beginning in the half year period ending on 30 June
2011 shall be increased by 3.5 per cent;

the rate of pensions beginning in the half year period ending on 31
December 2011 shall be increased by 2.5 per cent;

the rate of pensions beginning in the half year period ending on 30 June
2012 shall be increased by 1 per cent.

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(a)

(b)

(c)

(d)

(e)

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PENSIONS (INCREASE) ORDER 2013

Made this 26th day of March 2013



Minister of Finance


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