The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 1997
This Order, which corresponds to an Order (S.I. 1997/1117) made by the Secretary of State for Social Security under section 148(3) and (4) of the Social Security Administration Act 1992, directs that the earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit or of any guaranteed minimum pension or to any other calculation required under Part III of the Pension Schemes (Northern Ireland) Act 1993 for the tax years specified in the Schedule to this Order are to be increased by the percentage of their amount specified in that Schedule. The percentage for the tax year 1996-97 is 5 per cent. and those for earlier years have been increased so that the earnings factors for those years are revalued at 1996-97 earnings levels.