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The Occupational Pensions (Revaluation) Order 1993

S.I. 1993/2904 · Made 25 November 1993

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 25th November 1993

Laid before Parliament 2nd December 1993

Coming into force 1st January 1994

The Secretary of State for Social Security, in exercise of the powers conferred by section 52A(1) of the Social Security Pensions Act 1975f1, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1975 c. 60; section 52A was inserted by section 2 of, and paragraph 2 of Schedule 1 to, the Social Security Act 1985 (c. 53). Paragraph 13 of Schedule 6 to the Social Security Act 1989 (c. 24) amended subsection (3) of section 52A and, for subsection (8), substituted new subsections (8) and (9).

Contents

  1. 1Citation and commencement
  2. 2The revaluation percentage for each revaluation period
  3. Signature
  4. Explanatory note

1Citation and commencement

(1)

This Order may be cited as the Occupational Pensions (Revaluation) Order 1993.

(2)

This Order shall come into force on 1st January 1994.

2The revaluation percentage for each revaluation period

For the purposes of section 52A of the Social Security Pensions Act 1975, the revaluation percentage for each revaluation period specified in column 1 below is the appropriate percentage specified in column 2.

Column 1Column 2
Revaluation PeriodRevaluation Percentage
1st January 1986—31st December 199347.8%
1st January 1987—31st December 199340.7%
1st January 1988—31st December 199334.0%
1st January 1989—31st December 199327.6%
1st January 1990—31st December 199321.6%
1st January 1991—31st December 19939.8%
1st January 1992—31st December 19935.5%
1st January 1993—31st December 19931.8%

Signature

Signed by authority of the Secretary of State for Social Security.

William Hague

Parliamentary Under-Secretary of State,

Department of Social Security

25th November 1993

Explanatory note

(This note is not part of the Order)

This Order is made, as required by section 52A of the Social Security Pensions Act 1975, in the revaluation year beginning on 1st January 1993. The revaluation percentages specified are relevant to the revaluation of benefits under occupational pension schemes, as required by section 52B of, and Schedule 1A to, that Act.

This Order does not impose any costs on business.