# The Occupational Pensions (Revaluation) Order 2016, Note: Explanatory note


(This note is not part of the Order)
This Order specifies the necessary revaluation percentages for the purpose of the revaluation on or after 1st January 2017 of benefits under occupational pension schemes, as required by section 84 of, and Schedule 3 to, the Pension Schemes Act 1993. It is not necessary to specify a lower revaluation percentage for revaluation periods which start before 1st January 2009.
This Order is made in the year beginning 1st January 2016 as required by paragraph 2(1) of Schedule 3 to that Act.
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/2016/1102/note (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-2016/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.