The State Pension Revaluation for Transitional Pensions Order (Northern Ireland) 2016
This Order, which corresponds to an Order (S.I. 2016/1141) made by the Secretary of State for Work and Pensions under section 148AC of the Social Security Administration Act 1992 (c. 5), specifies 1 per cent as the percentage to be used as the revaluing percentage for a “protected payment” under the new state pension. This is the first time the power to make the Order has been used.