The Council give notice, on the authorization of Universities UK and in accordance with the Pension Increase (Review) Order of 2006, of increases in the supplementation of pensions of retired University officers, under the FSSU supplementation scheme, to be made with effect from 10 April 2006. 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 10 April 2006, 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, 2004-05, p. 790, for the most recent such Notice), will be further increased as follows:
For officers who retired | |
before 25 April 2005 | 2.70 per cent |
between 26 April and 25 May 2005 | 2.48 per cent |
between 26 May and 25 June 2005 | 2.25 per cent |
between 26 June and 25 July 2005 | 2.03 per cent |
between 26 July and 25 August 2005 | 1.80 per cent |
between 26 August and 25 September 2005 | 1.58 per cent |
between 26 September and 25 October 2005 | 1.35 per cent |
between 26 October and 25 November 2005 | 1.13 per cent |
between 26 November and 25 December 2005 | 0.90 per cent |
between 26 December 2005 and 25 January 2006 | 0.68 per cent |
between 26 January and 25 February 2006 | 0.45 per cent |
between 26 February and 25 March 2006 | 0.23 per cent |
after 26 March 2006 | nil |