Reporter 8/5/03: Supplements to pensions (FSSU): Notice

Supplements to pensions (FSSU): Notice

5 May 2003

The Council give notice, on the authorization of Universities UK and in accordance with the Pension Increase (Review) Order of 2003, of increases in the supplementation of pensions of retired University officers, under the FSSU supplementation scheme, to be made with effect from 7 April 2003. 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 7 April 2003 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, 2001-02, p. 889, for the most recent such Notice), will be further increased as follows:

For officers who retired

before 23 April 2002	1.70 per cent
between 23 April and 22 May 2002	1.56 per cent
between 23 May and 22 June 2002	1.42 per cent
between 23 June and 22 July 2002	1.28 per cent
between 23 July and 22 August 2002	1.13 per cent
between 23 August and 22 September 2002	0.99 per cent
between 23 September and 22 October 2002	0.85 per cent
between 23 October and 22 November 2002	0.71 per cent
between 23 November and 22 December 2002	0.57 per cent
between 23 December 2002 and 22 January 2003	0.43 per cent
between 23 January and 22 February 2003	0.28 per cent
between 23 February and 22 March 2003	0.14 per cent
after 22 March 2003	nil

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