1.1.I.100 Indexation

Usage

This definition applies to most payments.

Definition

Indexation is the process by which amounts referred to in the social security law are adjusted over time in accordance with movements in the numerical value of an index of some kind.

Act reference: SSAct section 1190 Indexed and adjusted amounts, section 1191 CPI Indexation Table, section 1195 Certain indexed amounts to be increased in line with increases in Male Total Average Weekly Earnings, section 1196 Social security pension indexation using Pensioner and Beneficiary Living Cost Index, section 1198A Adjustment of single pension rate MBR amounts, Part 3.16 Indexation and adjustment of amounts

Last reviewed: 16 May 2016