# The Occupational Pensions (Revaluation) Order 2011

S.I. 2011/2867 · made 29 November 2011

This Order is made, as required by paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993 (c.48), in the year beginning 1st January 2011, and specifies the necessary revaluation percentages for the purpose of the revaluation on or after 1st January 2012 of benefits under occupational pension schemes, as required by section 84 of, and Schedule 3 to, that Act. It is not necessary to specify a lower revaluation percentage for revaluation periods which start before 1st January 2009.

Made under: Pension Schemes Act 1993 (Schedule 3 paragraph 2)

PDFs: Printed copy https://openlegislation.uk/occupational-pensions-revaluation-order-2011/pdf/uksi_20112867_en.pdf; Explanatory Memorandum https://openlegislation.uk/occupational-pensions-revaluation-order-2011/pdf/uksiem_20112867_en.pdf

## Introductory text

Pensions
Made 29th November 2011
Laid before Parliament 30th November 2011
Coming into force 1st January 2012
The Secretary of State for Work and Pensions makes the following Order in exercise of the power conferred by paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993.

## 1 Citation and commencement

(1) This Order may be cited as the Occupational Pensions (Revaluation) Order 2011.
(2) This Order shall come into force on 1st January 2012.

## 2 The higher and lower revaluation percentages for each revaluation period

For the purposes of paragraph 2(1) of Schedule 3 (methods of revaluing accrued pension benefits) to the Pension Schemes Act 1993, for each revaluation period specified in column 1 below, the higher revaluation percentage is the percentage specified in column 2, and the lower revaluation percentage, if any, is the percentage specified in column 3, in relation to that period.
Column 1
Column 2
Column 3
Revaluation period
Higher revaluation
percentage
Lower revaluation
percentage
1st January 1986 - 31st December 2011
145.1%
-
1st January 1987 - 31st December 2011
137.7%
-
1st January 1988 - 31st December 2011
128.1%
-
1st January 1989 - 31st December 2011
115.8%
-
1st January 1990 - 31st December 2011
100.6%
-
1st January 1991 - 31st December 2011
80.9%
-
1st January 1992 - 31st December 2011
73.7%
-
1st January 1993 - 31st December 2011
67.7%
-
1st January 1994 - 31st December 2011
64.7%
-
1st January 1995 - 31st December 2011
61.2%
-
1st January 1996 - 31st December 2011
55.1%
-
1st January 1997 - 31st December 2011
51.9%
-
1st January 1998 - 31st December 2011
46.7%
-
1st January 1999 - 31st December 2011
42.1%
-
1st January 2000 - 31st December 2011
40.6%
-
1st January 2001 - 31st December 2011
36.1%
-
1st January 2002 - 31st December 2011
33.8%
-
1st January 2003 - 31st December 2011
31.6%
-
1st January 2004 - 31st December 2011
28.0%
-
1st January 2005 - 31st December 2011
24.1%
-
1st January 2006 - 31st December 2011
20.9%
-
1st January 2007 - 31st December 2011
16.7%
-
1st January 2008 - 31st December 2011
12.3%
-
1st January 2009 - 31st December 2011
6.9%
6.9%
1st January 2010 - 31st December 2011
8.5%
5.1%
1st January 2011 - 31st December 2011
5.0%
2.5%

## Signature

Signed by authority of the Secretary of State for Work and Pensions.
Steve Webb
Minister of State,
Department for Work and Pensions
29th November 2011

## Explanatory note

(This note is not part of the Order)
This Order is made, as required by paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993 (c.48), in the year beginning 1st January 2011, and specifies the necessary revaluation percentages for the purpose of the revaluation on or after 1st January 2012 of benefits under occupational pension schemes, as required by section 84 of, and Schedule 3 to, that Act. It is not necessary to specify a lower revaluation percentage for revaluation periods which start before 1st January 2009.
This Order amends an existing regulatory regime by a pre-determined formula, and the administrative impact of its implementation is negligible. A full impact assessment is not necessary for such legislation.

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Source: https://www.legislation.gov.uk/uksi/2011/2867 (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-2011
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.