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BERMUDA

PENSIONS (PUBLIC SERVICE SUPERANNUATION ACT 1981) (INCREASE) ORDER 2013

BR 34 / 2013

The Public Service Superannuation Board, in exercise of the powers conferred under section 2(2) of the Pensions (Increase) Act 1972 as applied by section 3(4) of the Public Service Superannuation Act 1981, makes the following Order:

Citation

1 This Order may be cited as the Pensions (Public Service Superannuation Act 1981) (Increase) Order 2013.

Increase of rates of pensions

2 The annual rate of pensions payable under the Public Service Superannuation Act

1981 shall, with effect from 1 July 2012, be increased as follows—

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

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

(c) the rate of pensions beginning in the half year period ending on 30 June

2011 shall be increased by 3.5 per cent;

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

(e) the rate of pensions beginning in the half year period ending on 30 June

2012 shall be increased by 1 per cent.

PENSIONS (PUBLIC SERVICE SUPERANNUATION ACT 1981) (INCREASE) ORDER 2013

Made this 28th day of March, 2013

Chairman Public Service Superannuation Board