Veterans Well-being Regulations

63 (1) In this section, basic pension means the monthly basic pension payable under Schedule I to the Pension Act to a Class 1 pensioner without a spouse, common-law partner or child.

(2) The amounts set out in column 2 of items 3 and 4 of Schedule 2 to the Act and all the amounts in column 3 of Schedule 3 to the Act shall be adjusted on January 1 of every calendar year so that the amount payable for that year equals the product obtained by multiplying

• (a) the amount payable in the preceding calendar year

by

• (b) the ratio that the basic pension payable in the calendar year bears to the basic pension payable in the preceding calendar year.