BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?

No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!



BAILII [Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]

Irish Statutory Instruments
You are here: BAILII >> Databases >> Irish Statutory Instruments >> Occupational Pension Schemes (Revaluation) Regulations, S.I. No. 5/1999
URL: http://www.bailii.org/ie/legis/num_reg/1999/0005.html

[New search] [Help]

S.I. No. 5/1999 -- Occupational Pension Schemes (Revaluation) Regulations, 1999.

S.I. No. 5/1999 -- Occupational Pension Schemes (Revaluation) Regulations, 1999. 1999 5

../images/harp.jpg

STATUTORY INSTRUMENTS.

S.I. No. 5 of 1999.

OCCUPATIONAL PENSION SCHEMES (REVALUATION) REGULATIONS, 1999.

S.I. No. 5 of 1999.

OCCUPATIONAL PENSION SCHEMES (REVALUATION) REGULATIONS, 1999.

The Minister for Social, Community and Family Affairs, in exercise of the powers conferred on him by sections 5 and 33 (as amended by section 11 of the Pensions (Amendment) Act, 1996 ( No. 18 of 1996 )) of the Pensions Act, 1990 (No. 25 of 1990) , and having consulted with the Minister for Finance, hereby makes the following Regulations:

Citation.

1. These Regulations may be cited as the Occupational Pension Schemes (Revaluation) Regulations, 1999.

Revaluation Percentage.

2. The revaluation percentage in respect of the 1998 revaluation shall be 2.4 per cent.

../images/seal.jpg

GIVEN under the Official Seal of the Minister for Social, Community and Family Affairs, this 19th day of January, 1999.

DERMOT AHERN,

Minister for Social, Community and Family Affairs.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

Section 33 of the Pensions Act, 1990 (as amended by Section 11 of the Pensions (Amendment) Act, 1996 ), provides that the Minister for Social, Community and Family Affairs, after consultation with the Minister for Finance, shall in respect of each valuation year, make Regulations determining what amount the preserved benefit is to be increased by in that year.

This Regulation provides for a revaluation percentage of 2.4% for 1998 which is in line with the increase in the Consumer Price Index for that year.

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback | Donate to BAILII
URL: http://www.bailii.org/ie/legis/num_reg/1999/0005.html