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