Regulation 8 Amendments to definitionsI1

for the definition of “revaluation adjustment”^f1, substitute—

• ““revaluation adjustment” means—

  1. (a)

     in the case of a balance transferred under a Club Transfer, the adjustment that would have applied to that balance if it had not been transferred and which is applied to the balance on the same day as the percentage increase or decrease referred to in paragraph (b); and

  2. (b)

     in any other case the percentage specified as the change in prices in relation to the Scheme set out in the relevant Treasury Order made under section 9(2) of the Public Service Pensions Act (Northern Ireland) 2014 in relation to the previous Scheme year which applied to a sum in a pension account;”; and

after the definition of “revaluation adjustment” insert—

• ““revaluation date” means 6th April;”.