Supplements to pensions (FSSU): Notice

24 May 2004

The Council give notice, on the authorization of Universities UK and in accordance with the Pension Increase (Review) Order of 2004, of increases in the supplementation of pensions of retired University officers, under the FSSU supplementation scheme, to be made with effect from 12 April 2004. 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 12 April 2004, 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, 2002-03, p. 861, for the most recent such Notice), will be further increased as follows:

For officers who retired

before 28 April 20032.80 per cent
between 28 April and 27 May 20032.57 per cent
between 28 May and 27 June 20032.33 per cent
between 28 June and 27 July 20032.10 per cent
between 28 July and 27 August 20031.87 per cent
between 28 August and 27 September 20031.63 per cent
between 28 September and 27 October 20031.40 per cent
between 28 October and 27 November 20031.17 per cent
between 28 November and 27 December 20030.93 per cent
between 28 December 2003 and 27 January 20040.70 per cent
between 28 January and 27 February 20040.47 per cent
between 28 February and 27 March 20040.23 per cent
after 27 March 2004nil