The Council give notice, on the authorization of Universities UK and in accordance with the Pension Increase (Review) Order of 2005, of increases in the supplementation of pensions of retired University officers, under the FSSU supplementation scheme, to be made with effect from 11 April 2005. For the purpose of determining the approved pension for retired University officers and hence their eligibility to receive a supplement under Regulation 6 or Regulation 10 of the regulations for supplements to pensions (Ordinances, 1979, p. 116), the method of calculation will be amended as follows:
With effect from 11 April 2005, each pension calculated in accordance with either Regulation 7 or Regulation 9 of the regulations for supplements to pensions, as increased by Notices of the Council (see Reporter, 2003-04, p. 710, for the most recent such Notice), will be further increased as follows:
For officers who retired | |
before 27 April 2004 | 3.10 per cent |
between 27 April and 26 May 2004 | 2.84 per cent |
between 27 May and 26 June 2004 | 2.58 per cent |
between 27 June and 26 July 2004 | 2.33 per cent |
between 27 July and 26 August 2004 | 2.07 per cent |
between 27 August and 26 September 2004 | 1.81 per cent |
between 27 September and 26 October 2004 | 1.55 per cent |
between 27 October and 26 November 2004 | 1.29 per cent |
between 27 November and 26 December 2004 | 1.03 per cent |
between 27 December 2004 and 26 January 2005 | 0.78 per cent |
between 27 January and 26 February 2005 | 0.52 per cent |
between 27 February and 26 March 2005 | 0.26 per cent |
after 26 March 2005 | nil |