S.I. No. 18/2002 - Occupational Pension Schemes (Revaluation) Regulations, 2002

1. These Regulations may be cited as the Occupational Pension Schemes (Revaluation) Regulations, 2002.

Revaluation Percentage

2. The revaluation percentage in respect of the 2001 revaluation year shall be 4 per cent.

GIVEN

under the Official Seal of the Minister for Social, Community and Family Affairs, this 29th day of January, 2002.

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 revaluation 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 4% for 2001.

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