ANNEX B
MOCOP (2004)1
PENSIONS INCREASE LIST 2004
5 January 2004
HM TREASURY
OFFICIAL COMMITTEE ON OCCUPATIONAL PENSIONS
Note by HM TREASURY
2004 PENSIONS INCREASE AND MULTIPLIER TABLES
This paper gives details of increases in public service pensions which take effect from 12th
April 2004.
2. Section 59 of the Social Security Pensions Act 1975 (as amended) provides for public
service pensions to be increased at the same time and by the same percentage as the
increase in the additional component of the State Earnings Related Pension.
On 11
December 2003 the Secretary of State for Work and Pensions announced that the additional
component of the State Second Pension will be increased by 2.8 per cent from 12 April 2004
(Hansard Colums108W-118W), in line with the increase in the Retail Prices Index in the 12
months to September 2003. The Chief Secretary announced on 16 December (Hansard,
Column 133WS), that public service pensions would also be increased by 2.8 per cent from
12 April 2004.
3. The attached spreadsheets set out the increases and multipliers that apply to preserved
pensions and lump sums from 12 April 2004.
4. The pensions increase information is being circulated via email where we have copy
recipients email addresses. Any queries on this paper should be addressed to Gerry Foley at
[email protected], tel 0207 270 4525. Updated contact and address
information should also be forwarded to Gerard Foley.
HM Treasury
1 Horseguards Road
London SW1A 2HQ
ELIZABETH ROBERTS
STATUTORY INSTRUMENTS
2004 No 758
PENSIONS
The Pensions Increase (Review) Order 2004
Made
Laid before Parliament
Coming into force
2004
2004
12th April 2004
Whereas by virtue of section 151(1) of the Social Security Administration Act 1992(1) a direction
has been given (2) under section 150(2) and section 190(1)(a) of that Act by the Secretary of State
for Work and Pensions that the sums mentioned in section 150(1)(c) of that Act are to be
increased;
Now therefore the Treasury, in exercise of the powers conferred by section 59(1), (2), (5) and
(5ZA) of the Social Security Pensions Act 1975(3) and now vested in them (4), and all other
powers enabling them in that behalf, hereby make the following Order:
Citation and commencement
1.
- (1) This Order may be cited as the Pensions Increase (Review) Order 2004 and shall
come into force on 12th April 2004.
(2) This Order and the existing Orders may be cited together as the Pensions Increase
(Review) Orders 1972 to 2004.
Interpretation
2. - (1) In this Order –
"the 1971 Act" means the Pensions (Increase) Act 1971(5);
"the 1974 Act" means the Pensions (Increase) Act 1974(6);
"the 1975 Act" means the Social Security Pensions Act 1975;
1992 c. 5.
The direction is contained in SI 758
3 1975 c. 60; section 59(1) was amended by section 1(7) of the
Pensions (Miscellaneous Provisions) Act 1990 (c. 7) and by the
Social Security (Consequential Provisions) Act 1992 (c. 6)
Schedule 2, paragraph 34. Section 59(5) was amended by section
11 of the Social Security Act 1979 (c. 18) and the Social
Security Act 1985 (c. 53), Schedule 5, paragraph 33. Section
59 was also amended by the Social Security Act 1979, sections
11 and 21(4) and Schedule 3, paragraph 20, section 9(8) of the
Social Security Act 1986 and section 5 of the Pensions
(Miscellaneous Provisions) Act 1990, which inserted subsection (5ZA). Section 59 is modified by section 59A, which
was inserted by section 11(4) of the Social Security Act 1979
and amended by section 9(9) of the Social Security Act 1986,
and further amended by section 190, Schedule 8, paragraph 9(2)
of the Pension Schemes Act 1993.
4 S.I. 1981/1670.
5
1971 c. 56.\hmt-nv20groupsPSPPension Increase" l
6 1974 c. 9.
1
2
"basic rate" and "derivative pension" have the meanings given by section 17(1) of the 1971
Act(7);
"the existing Orders" means the Pensions Increase (Annual Review) Order 1972(8), the
Pensions Increase (Annual Review) Order 1973(9), the Pensions Increase (Annual Review)
Order 1974(10), the Pensions Increase (Annual Review) Order 1975(11), the Pensions Increase
(Annual Review) Order 1976(12), the Pensions Increase (Annual Review) Order 1977(13), the
Pensions Increase (Annual Review) Order 1978(14), the Pensions Increase (Review) Order
1979(15), the Pensions Increase (Review) Order 1980(16 ), the Pensions Increase (Review)
Order 1981(17), the Pensions Increase (Review) Order 1982(18), the Pensions Increase (Review)
Order 1983(19), the Pensions Increase (Review) Order 1984(20), the Pensions Increase (Review)
Order 1985(21), the Pensions Increase (Review) Order 1986(22), the Pensions Increase (Review)
Order 1987(23), the Pensions Increase (Review) Order 1988(24), the Pensions Increase (Review)
Order 1989(25), the Pensions Increase (Review) Order 1990(26), the Pensions Increase (Review)
Order 1991(27), the Pensions Increase (Review) Order 1992(28), the Pensions Increase (Review)
Order 1993(29), the Pensions Increase (Review) Order 1994(30), the Pensions Increase (Review)
Order 1995(31), the Pensions Increase (Review) Order 1996(32), the Pensions Increase (Review)
Order 1997(33), the Pensions Increase (Review) Order 1998(34),the Pensions Increase (Review)
Order 1999(35), the Pensions Increase (Review) Order 2000 (36), the Pensions Increase (Review)
Section 17(1) was amended by sections 1(3) and 3(3) of the
1974 Act; by sections 1(6) and 7(3) of the Pensions
(Miscellaneous Provisions) Act 1990 (c.7) , section 190,
Schedule 8, paragraph 5 of the Pension Schemes Act 1993 and by
the Welfare Reform and Pensions Act 1999 (c.30), section 39(1)
and (5).
8 S.I. 1972/1298.
9 S.I. 1973/1370.
10 S.I. 1974/1373.
11 S.I. 1975/1384.
12 S.I. 1976/1356.
13 S.I. 1977/1387.
14S.I. 1978/1211.
15 S.I. 1979/1047.
16 S.I. 1980/1302.
17 S.I. 1981/1217.
18 S.I. 1982/1178.
19 S.I. 1983/1264.
20 S.I. 1984/1307.
21 S.I. 1985/1575.
22 S.I. 1986/1116.
23 S.I.1987/130.
24 S.I.1988/217.
25 S.I.1989/477.
26 S.I.1990/483.
27 S.I.1991/684.
28 S.I.1992/198.
29 S.I.1993/779.
30 S.I.1994/776.
31 S.I.1995/708.
32 S.I.1996/800.
33 S.I.1997/634.
34 S.I.1998/503.
35 S.I.1999/522.
36 S.I.2000/672
7
Order 2001(37), the Pensions Increase (Review) Order 2002 (38), and the Pensions Increase
(Review) Order 2003 (39);
"official pension" has the meaning given by section 5(1) of the 1971 Act (40);
"pension authority" has the meaning given by section 7(1) of the 1971 Act;
"qualifying condition" means one of the conditions laid down in section 3 of the 1971 Act(41);
"relevant injury pension", "substituted pension" and "widow's pension" have the meanings given
by section 17(1) of the 1971 Act.
(2) For the purposes of this Order the time when a pension "begins" is that stated in section
8(2) of the 1971 Act (42), and the "beginning date" shall be construed accordingly.
(3) Where, for the purposes of this Order, it is necessary to calculate the number of complete
months in any period an incomplete month shall be treated as a complete month if it
consists of at least 16 days.
Pension increases
3. The annual rate of an official pension may, if a qualifying condition is satisfied or the
pension is a derivative or substituted pension or a relevant injury pension, be increased by the
pension authority in respect of any period on or after 12th April 2004 as follows –
(1)
a pension beginning before 7th April 2003 may be increased by 2.8 per cent of
the basic rate as increased by the amount of any increase under section 1 of the 1971
Act or the existing Orders;
(2)
a pension beginning on or after 7th April 2003 and before 12th April 2004 may
be increased by 2.8 per cent multiplied by
A
B
where
(a) A is the number of complete months in the period between the beginning date of the
pension and 12th April 2004, and
(b) B is 12.
Increases in certain lump sums
4. In respect of any lump sum or instalment of a lump sum which became payable before 12th
April 2004 but on or after 7th April 2003 there may be paid an increase of 2.8 per cent of the
S.I. 2001/664
S.I. 2002/699
d S.I 2003/681
e Section 5(1)
was amended by the Superannuation Act 1972
(c.11), section 29(1), Schedule 6, paragraph 85.
f Section 3 was
amended by section 3(3) of the 1974 Act,
section 1 of the Pensions (Miscellaneous Provisions) Act 1990,
by the Pensions Increase (Reduction of Qualifying Age) Order
1972 (S.I. 1972/1299), by section 171 of the Pensions Act 1995
(c. 26) and by the Welfare Reform and Pensions Act 1999
(c.30), section 39(1) and (2).
g Section 8(2) was amended by section 1(5) of the Pensions
(Miscellaneous Provisions) Act 1990 and by the Welfare Reform
and Pensions Act 1999(c.30), section 39(1) and (4).
37
c
amount of the lump sum or instalment (as increased by the amount under section 1 of the
1971 Act or under the existing Orders) multiplied by
A
B
where
(a) A is the number of complete months in the period between the beginning date for the
lump sum or, if later, 7th April 2003 and the date on which it became payable; and
(b) B is 12.
Reductions in respect of guaranteed minimum pensions
5. The amount by reference to which any increase in the rate of an official pension provided
for by this Order is to be calculated shall, in the case of a person (a) who is entitled to a guaranteed minimum pension on 12th April 2004, and
(b) whose entitlement to that guaranteed minimum pension arises from an employment
from which (either directly or by virtue of the payment of a transfer credit) entitlement to
the official pension also arises,
be reduced by an amount equal to the rate of the guaranteed minimum pension unless the
Treasury(43) otherwise direct, in accordance with the provisions of section 59A of the 1975 Act.
6. The amount by reference to which any increase in the rate of a widow's or widower's pension
provided for by this Order is to be calculated shall, where the pensioner becomes entitled on the
death of the deceased spouse to a guaranteed minimum pension, be reduced in accordance with
section 59(5ZA) of the 1975 Act.
Two of the Lords Commissioners of Her Majesty's Treasury
2004.
43
See S.I. 1981/1670, articles 2(1)(c) and 3(5).
EXPLANATORY NOTE
(This note is not part of the Order)
Under section 59 of the Social Security Pensions Act 1975 as amended, and as modified by
section 59A of that Act, the Treasury (in whom the functions conferred by those provisions
are now vested) are required to provide by order for the increase in the rates of public service
pensions. Under section 59(7) of the 1975 Act, section 59 of that Act has effect as if it were
contained in the Pensions (Increase) Act 1971. Section 9(2)(c) of the 1971 Act provides that
references to the "rate" of pension shall have effect as references also to the amount of a
lump sum benefit. The increase is the percentage (or in some circumstances a fraction of the
percentage) by which the Secretary of State for Work and Pensions has, by direction given
under the provisions of section 151(1) of the Social Security Administration Act 1992,
increased the sums referred to in section 150(1)(c) of that Act. These are the sums which are
the additional pensions in long term benefits, namely the additional pension entitlements
accruing to employees in respect of earnings after 5th April 1978.
For pensions which began before 7th April 2003 the increase is 2.8 per cent. For pensions
which began on or after 7th April 2003 the increases are as follows Pensions Beginning
Percentage
Increase
7th April 2003 to 27th April 2003
th
th
2.8%
28 April 2003 to 27 May
2003
2.57%
th
th
28 May 2003 to 27 June 2003
2.33%
th
th
28 June 2003 to 27 July 2003
2.10%
th
th
28 July 2003 to 27 August
2003
1.87%
th
28 August 2003 to 27th
September 2003
1.63%
Pensions Beginning
28th September 2003 to 27th
October 2003
28th October 2003 to 27th
November 2003
28th November 2003 to 27th
December 2003
28th December 2003 to 27th
January 2004
28th January 2004 to 27th
February 2004
28th February 2004 to 27th
March 2004
Percenta
ge
Increase
1.40%
1.17%
0.93%
0.70%
0.47%
0.23%
Article 4 of the Order provides for increases on certain deferred lump sums which became
payable on or after 7th April 2003 and before 12th April 2004.
The Order also makes provision for the amount by reference to which any increase in the rate of
an official pension is to be calculated to be reduced by the amount equal to the rate of the
guaranteed minimum pension entitlement deriving from the employment which gives rise to the
official pension. This is required by section 59(5) of the Social Security Pensions Act 1975.
However by virtue of section 59A of that Act and the Transfer of Functions (Minister for the
Civil Service and Treasury) Order 1981 the Treasury are empowered to direct that in respect of
specified cases or classes of case either no such reduction be made or the reduction shall be less
than the rate of the guaranteed minimum pension. Section 59(5ZA) was inserted into section 59
by section 5 of the Pensions (Miscellaneous Provisions) Act 1990. This applies section 59(5) to a
widow's or widower's pension.
MULTIPLIERS FOR PRESERVED PENSIONS AND PRESERVED LUMP
SUMS
A pension or lump sum which (a) becomes payable on or after 12 April
2004, or (b)
becomes eligible for payment of pensions increases on or after that date
because of
a qualifying condition is satisfied, should have the appropriate multiplier
below
applied to the basic pension and lump sum (if
appropriate).
PERIOD DURING WHICH PENSION
BEGAN
01-Jan-69
02-Apr-69
02-Oct-69
Any year up to
1945
During 1945
During 1946
During 1947
During 1948
During 1949
33.5002
During 1950
During 1951
During 1952
During 1953
During 1954
During 1955
During 1956
During 1957
During 1958
During 1959
22.6005
20.7016
18.9673
18.3856
18.0563
17.2769
16.4757
15.8939
15.4110
15.3341
During 1960
During 1961
During 1962
During 1963
During 1964
During 1965
During 1966
During 1967
During 1968
15.1804
14.6865
14.0718
13.8084
13.3693
12.7546
12.2717
11.9753
11.4375
To
To
To
28.3522
25.7727
25.5422
23.9177
23.2591
01-Apr-69
01-Oct-69
01-Apr-70
10.9765
10.7904
10.6044
02-Apr-70
02-Oct-70
To
To
01-Oct-70
01-Apr-71
10.2323
9.8602
02-Apr-71
02-Oct-71
To
To
01-Oct-71
01-Apr-72
9.3952
8.9381
02-Apr-72
02-Jul-72
To
To
01-Jul-72
01-Jan-73
8.7604
8.5493
02-Jan-73
02-Jul-73
To *
To *
01-Jul-73
01-Jan-74
8.2163
7.8503
02-Jan-74
02-Jul-74
To *
To *
01-Jul-74
01-Jan-75
7.4648
6.8158
02-Jan-75
02-Jul-75
To *
To *
01-Jul-75
01-Jan-76
6.3203
5.5215
* These pensions may also be affected by the Pensions (Increase)
Act 1974. The Act does not apply to lump sums and other nonrecurrent payments.
02-Jan-76
02-Jul-76
To
To
01-Jul-76
01-Jan-77
5.0397
4.7030
02-Jan-77
02-Jul-77
To
To
01-Jul-77
01-Jan-78
4.3842
4.0161
02-Jan-78
02-Jul-78
28-Jul-78
28-Aug-78
28-Sep-78
28-Oct-78
28-Nov-78
28-Dec-78
To
To
To
To
To
To
To
To
01-Jul-78
27-Jul-78
27-Aug-78
27-Sep-78
27-Oct-78
27-Nov-78
27-Dec-78
27-Jan-79
3.8659
3.8950
3.8507
3.8034
3.7591
3.7117
3.6644
3.6201
28-Jan-79
28-Feb-79
28-Mar-79
28-Apr-79
28-May-79
28-Jun-79
28-Jul-79
28-Aug-79
28-Sep-79
28-Oct-79
09-Dec-79
To
To
To
To
To
To
To
To
To
To
To
27-Feb-79
27-Mar-79
27-Apr-79
27-May-79
27-Jun-79
27-Jul-79
27-Aug-79
27-Sep-79
27-Oct-79
08-Dec-79
08-Jan-80
3.5728
3.5285
3.4811
3.4369
3.3895
3.3422
3.2979
3.2505
3.2063
3.1589
3.1210
09-Jan-80
09-Feb-80
To
To
08-Feb-80
08-Mar-80
3.0857
3.0478
09-Mar-80
09-Apr-80
09-May-80
09-Jun-80
09-Jul-80
09-Aug-80
09-Sep-80
09-Oct-80
09-Nov-80
08-Dec-80
To
To
To
To
To
To
To
To
To
To
08-Apr-80
08-May-80
08-Jun-80
08-Jul-80
08-Aug-80
08-Sep-80
08-Oct-80
08-Nov-80
07-Dec-80
07-Jan-81
3.0098
2.9718
2.9366
2.8986
2.8607
2.8227
2.7875
2.7495
2.7115
2.6929
08-Jan-81
08-Feb-81
08-Mar-81
08-Apr-81
08-May-81
08-Jun-81
08-Jul-81
08-Aug-81
08-Sep-81
08-Oct-81
08-Nov-81
07-Dec-81
To
To
To
To
To
To
To
To
To
To
To
To
07-Feb-81
07-Mar-81
07-Apr-81
07-May-81
07-Jun-81
07-Jul-81
07-Aug-81
07-Sep-81
07-Oct-81
07-Nov-81
06-Dec-81
06-Jan-82
2.6740
2.6553
2.6364
2.6178
2.5989
2.5803
2.5614
2.5427
2.5238
2.5052
2.4863
2.4661
07-Jan-82
07-Feb-82
07-Mar-82
07-Apr-82
07-May-82
07-Jun-82
07-Jul-82
07-Aug-82
07-Sep-82
07-Oct-82
07-Nov-82
06-Dec-82
To
To
To
To
To
To
To
To
To
To
To
To
06-Feb-82
06-Mar-82
06-Apr-82
06-May-82
06-Jun-82
06-Jul-82
06-Aug-82
06-Sep-82
06-Oct-82
06-Nov-82
05-Dec-82
05-Jan-83
2.4460
2.4258
2.4034
2.3832
2.3631
2.3429
2.3228
2.3026
2.2802
2.2600
2.2399
2.2334
06-Jan-83
06-Feb-83
06-Mar-83
06-Apr-83
06-May-83
06-Jun-83
06-Jul-83
06-Aug-83
06-Sep-83
06-Oct-83
06-Nov-83
11-Dec-83
To
To
To
To
To
To
To
To
To
To
To
To
05-Feb-83
05-Mar-83
05-Apr-83
05-May-83
05-Jun-83
05-Jul-83
05-Aug-83
05-Sep-83
05-Oct-83
05-Nov-83
10-Dec-83
10-Jan-84
2.2269
2.2204
2.2140
2.2075
2.2010
2.1924
2.1859
2.1794
2.1729
2.1664
2.1600
2.1517
11-Jan-84
11-Feb-84
To
To
10-Feb-84
10-Mar-84
2.1435
2.1333
11-Mar-84
11-Apr-84
11-May-84
11-Jun-84
11-Jul-84
11-Aug-84
11-Sep-84
11-Oct-84
11-Nov-84
10-Dec-84
To
To
To
To
To
To
To
To
To
To
10-Apr-84
10-May-84
10-Jun-84
10-Jul-84
10-Aug-84
10-Sep-84
10-Oct-84
10-Nov-84
09-Dec-84
09-Jan-85
2.1250
2.1168
2.1086
2.0983
2.0901
2.0819
2.0737
2.0634
2.0552
2.0436
10-Jan-85
10-Feb-85
10-Mar-85
10-Apr-85
10-May-85
10-Jun-85
10-Jul-85
10-Aug-85
10-Sep-85
10-Oct-85
10-Nov-85
13-Dec-85
To
To
To
To
To
To
To
To
To
To
To
To
09-Feb-85
09-Mar-85
09-Apr-85
09-May-85
09-Jun-85
09-Jul-85
09-Aug-85
09-Sep-85
09-Oct-85
09-Nov-85
12-Dec-85
12-Jan-86
2.0321
2.0225
2.0110
1.9995
1.9879
1.9764
1.9649
1.9553
1.9438
1.9322
1.9207
1.9180
13-Jan-86
13-Feb-86
13-Mar-86
13-Apr-86
13-May-86
13-Jun-86
13-Jul-86
22-Aug-86
22-Sep-86
22-Oct-86
22-Nov-86
22-Dec-86
To
To
To
To
To
To
To
To
To
To
To
To
12-Feb-86
12-Mar-86
12-Apr-86
12-May-86
12-Jun-86
12-Jul-86
21-Aug-86
21-Sep-86
21-Oct-86
21-Nov-86
21-Dec-86
21-Jan-87
1.9156
1.9129
1.9103
1.9076
1.9051
1.9025
1.8998
1.8950
1.8901
1.8851
1.8803
1.8754
22-Jan-87
22-Feb-87
22-Mar-87
27-Apr-87
27-May-87
27-Jun-87
27-Jul-87
27-Aug-87
27-Sep-87
27-Oct-87
27-Nov-87
To
To
To
To
To
To
To
To
To
To
To
21-Feb-87
21-Mar-87
26-Apr-87
26-May-87
26-Jun-87
26-Jul-87
26-Aug-87
26-Sep-87
26-Oct-87
26-Nov-87
26-Dec-87
1.8706
1.8656
1.8607
1.8545
1.8482
1.8420
1.8357
1.8295
1.8232
1.8170
1.8107
27-Dec-87
27-Jan-88
27-Feb-88
To
To
To
26-Jan-88
26-Feb-88
26-Mar-88
1.8045
1.7982
1.7920
27-Mar-88
26-Apr-88
26-May-88
26-Jun-88
26-Jul-88
26-Aug-88
26-Sep-88
26-Oct-88
26-Nov-88
26-Dec-88
To
To
To
To
To
To
To
To
To
To
25-Apr-88
25-May-88
25-Jun-88
25-Jul-88
25-Aug-88
25-Sep-88
25-Oct-88
25-Nov-88
25-Dec-88
25-Jan-89
1.7857
1.7775
1.7692
1.7609
1.7525
1.7442
1.7360
1.7277
1.7195
1.7110
26-Jan-89
26-Feb-89
26-Mar-89
25-Apr-89
25-May-89
25-Jun-89
25-Jul-89
25-Aug-89
25-Sep-89
25-Oct-89
25-Nov-89
25-Dec-89
To
To
To
To
To
To
To
To
To
To
To
To
25-Feb-89
25-Mar-89
24-Apr-89
24-May-89
24-Jun-89
24-Jul-89
24-Aug-89
24-Sep-89
24-Oct-89
24-Nov-89
24-Dec-89
24-Jan-90
1.7028
1.6945
1.6862
1.6764
1.6663
1.6565
1.6466
1.6366
1.6267
1.6168
1.6068
1.5969
25-Jan-90
25-Feb-90
25-Mar-90
24-Apr-90
24-May-90
24-Jun-90
24-Jul-90
24-Aug-90
24-Sep-90
24-Oct-90
24-Nov-90
24-Dec-90
To
To
To
To
To
To
To
To
To
To
To
To
24-Feb-90
24-Mar-90
23-Apr-90
23-May-90
23-Jun-90
23-Jul-90
23-Aug-90
23-Sep-90
23-Oct-90
23-Nov-90
23-Dec-90
23-Jan-91
1.5870
1.5770
1.5671
1.5543
1.5414
1.5287
1.5158
1.5030
1.4901
1.4773
1.4644
1.4517
24-Jan-91
24-Feb-91
24-Mar-91
22-Apr-91
22-May-91
22-Jun-91
22-Jul-91
22-Aug-91
22-Sep-91
22-Oct-91
22-Nov-91
22-Dec-91
To
To
To
To
To
To
To
To
To
To
To
To
23-Feb-91
23-Mar-91
21-Apr-91
21-May-91
21-Jun-91
21-Jul-91
21-Aug-91
21-Sep-91
21-Oct-91
21-Nov-91
21-Dec-91
21-Jan-92
1.4388
1.4260
1.4131
1.4085
1.4039
1.3993
1.3945
1.3899
1.3853
1.3807
1.3761
1.3714
22-Jan-92
22-Feb-92
To
To
21-Feb-92
21-Mar-92
1.3667
1.3621
22-Mar-92
28-Apr-92
28-May-92
28-Jun-92
28-Jul-92
28-Aug-92
28-Sep-92
28-Oct-92
28-Nov-92
28-Dec-92
To
To
To
To
To
To
To
To
To
To
27-Apr-92
27-May-92
27-Jun-92
27-Jul-92
27-Aug-92
27-Sep-92
27-Oct-92
27-Nov-92
27-Dec-92
27-Jan-93
1.3575
1.3535
1.3496
1.3457
1.3417
1.3378
1.3339
1.3299
1.3260
1.3221
28-Jan-93
28-Feb-93
28-Mar-93
27-Apr-93
27-May-93
27-Jun-93
27-Jul-93
27-Aug-93
27-Sep-93
27-Oct-93
27-Nov-93
27-Dec-93
To
To
To
To
To
To
To
To
To
To
To
To
27-Feb-93
27-Mar-93
26-Apr-93
26-May-93
26-Jun-93
26-Jul-93
26-Aug-93
26-Sep-93
26-Oct-93
26-Nov-93
26-Dec-93
26-Jan-94
1.3181
1.3142
1.3103
1.3084
1.3064
1.3045
1.3026
1.3006
1.2987
1.2968
1.2948
1.2929
27-Jan-94
27-Feb-94
27-Mar-94
26-Apr-94
26-May-94
26-Jun-94
26-Jul-94
26-Aug-94
26-Sep-94
26-Oct-94
26-Nov-94
26-Dec-94
To
To
To
To
To
To
To
To
To
To
To
To
26-Feb-94
26-Mar-94
25-Apr-94
25-May-94
25-Jun-94
25-Jul-94
25-Aug-94
25-Sep-94
25-Oct-94
25-Nov-94
25-Dec-94
25-Jan-95
1.2910
1.2891
1.2871
1.2849
1.2825
1.2802
1.2779
1.2755
1.2733
1.2710
1.2686
1.2663
26-Jan-95
26-Feb-95
26-Mar-95
24-Apr-95
24-May-95
24-Jun-95
24-Jul-95
24-Aug-95
24-Sep-95
24-Oct-95
24-Nov-95
24-Dec-95
To
To
To
To
To
To
To
To
To
To
To
To
25-Feb-95
25-Mar-95
23-Apr-95
23-May-95
23-Jun-95
23-Jul-95
23-Aug-95
23-Sep-95
23-Oct-95
23-Nov-95
23-Dec-95
23-Jan-96
1.2641
1.2617
1.2594
1.2555
1.2515
1.2477
1.2437
1.2398
1.2358
1.2319
1.2279
1.2240
24-Jan-96
24-Feb-96
To
To
23-Feb-96
23-Mar-96
1.2200
1.2161
24-Mar-96
23-Apr-96
23-May-96
23-Jun-96
23-Jul-96
23-Aug-96
23-Sep-96
23-Oct-96
23-Nov-96
23-Dec-96
To
To
To
To
To
To
To
To
To
To
22-Apr-96
22-May-96
22-Jun-96
22-Jul-96
22-Aug-96
22-Sep-96
22-Oct-96
22-Nov-96
22-Dec-96
22-Jan-97
1.2121
1.2101
1.2080
1.2060
1.2038
1.2018
1.1997
1.1977
1.1955
1.1935
23-Jan-97
23-Feb-97
23-Mar-97
22-Apr-97
22-May-97
22-Jun-97
22-Jul-97
22-Aug-97
22-Sep-97
22-Oct-97
22-Nov-97
22-Dec-97
To
To
To
To
To
To
To
To
To
To
To
To
22-Feb-97
22-Mar-97
21-Apr-97
21-May-97
21-Jun-97
21-Jul-97
21-Aug-97
21-Sep-97
21-Oct-97
21-Nov-97
21-Dec-97
21-Jan-98
1.1914
1.1893
1.1872
1.1838
1.1803
1.1769
1.1735
1.1700
1.1666
1.1631
1.1597
1.1563
22-Jan-98
22-Feb-98
22-Mar-98
28-Apr-98
28-May-98
28-Jun-98
28-Jul-98
28-Aug-98
28-Sep-98
28-Oct-98
28-Nov-98
28-Dec-98
To
To
To
To
To
To
To
To
To
To
To
To
21-Feb-98
21-Mar-98
27-Apr-98
27-May-98
27-Jun-98
27-Jul-98
27-Aug-98
27-Sep-98
27-Oct-98
27-Nov-98
27-Dec-98
27-Jan-99
1.1528
1.1494
1.1460
1.1430
1.1401
1.1371
1.1341
1.1312
1.1282
1.1252
1.1223
1.1193
28-Jan-99
28-Feb-99
28-Mar-99
26-Apr-99
26-May-99
26-Jun-99
26-Jul-99
26-Aug-99
26-Sep-99
26-Oct-99
26-Nov-99
26-Dec-99
To
To
To
To
To
To
To
To
To
To
To
To
27-Feb-99
27-Mar-99
25-Apr-99
25-May-99
25-Jun-99
25-Jul-99
25-Aug-99
25-Sep-99
25-Oct-99
25-Nov-99
25-Dec-99
25-Jan-00
1.1163
1.1134
1.1104
1.1094
1.1084
1.1075
1.1064
1.1054
1.1044
1.1034
1.1024
1.1014
26-Jan-00
26-Feb-00
To
To
25-Feb-00
25-Mar-00
1.1003
1.0993
26-Mar-00
25-Apr-00
25-May-00
25-Jun-00
25-Jul-00
25-Aug-00
25-Sep-00
25-Oct-00
25-Nov-00
25-Dec-00
To
To
To
To
To
To
To
To
To
To
24-Apr-00
24-May-00
24-Jun-00
24-Jul-00
24-Aug-00
24-Sep-00
24-Oct-00
24-Nov-00
24-Dec-00
24-Jan-01
1.0983
1.0955
1.0925
1.0896
1.0866
1.0838
1.0808
1.0779
1.0749
1.0721
25-Jan-01
25-Feb-01
25-Mar-01
24-Apr-01
24-May-01
24-Jun-01
24-Jul-01
24-Aug-01
24-Sep-01
24-Oct-01
24-Nov-01
24-Dec-01
To
To
To
To
To
To
To
To
To
To
To
To
24-Feb-01
24-Mar-01
23-Apr-01
23-May-01
23-Jun-01
23-Jul-01
23-Aug-01
23-Sep-01
23-Oct-01
23-Nov-01
23-Dec-01
23-Jan-02
1.0691
1.0662
1.0632
1.0618
1.0603
1.0589
1.0573
1.0558
1.0544
1.0529
1.0514
1.0500
24-Jan-02
24-Feb-02
24-Mar-02
23-Apr-02
23-May-02
23-Jun-02
23-Jul-02
23-Aug-02
23-Sep-02
23-Oct-02
23-Nov-02
23-Dec-02
To
To
To
To
To
To
To
To
To
To
To
To
23-Feb-02
23-Mar-02
22-Apr-02
22-May-02
22-Jun-02
22-Jul-02
22-Aug-02
22-Sep-02
22-Oct-02
22-Nov-02
22-Dec-02
22-Jan-03
1.0484
1.0469
1.0455
1.0440
1.0426
1.0412
1.0396
1.0382
1.0367
1.0353
1.0339
1.0324
23-Jan-03
23-Feb-03
23-Mar-03
28-Apr-03
28-May-03
28-Jun-03
28-Jul-03
28-Aug-03
28-Sep-03
28-Oct-03
28-Nov-03
28-Dec-03
To
To
To
To
To
To
To
To
To
To
To
To
22-Feb-03
22-Mar-03
27-Apr-03
27-May-03
27-Jun-03
27-Jul-03
27-Aug-03
27-Sep-03
27-Oct-03
27-Nov-03
27-Dec-03
27-Jan-04
1.0309
1.0294
1.0280
1.0257
1.0233
1.0210
1.0187
1.0163
1.0140
1.0117
1.0093
1.0070
28-Jan-04
28-Feb-04
To
To
27-Feb-04
27-Mar-04
1.0047
1.0023