Article 2 The higher and lower revaluation percentages for each revaluation period
For the purposes of paragraph 1 (the final salary method) of Schedule 3 (methods of revaluing accrued pension benefits) to the Pension Schemes Act 1993f1, for each revaluation period specified in an entry in column 1 of the table below—
the higher revaluation percentage is the percentage specified in the corresponding entry in column 2 of that table; and
the lower revaluation percentage, if any, is the percentage specified in the corresponding entry in column 3 of that table.
Column 1 Revaluation period | Column 2 Higher revaluation percentage | Column 3 Lower revaluation percentage |
|---|---|---|
| 1st January 1986 – 31st December 2019 | 181.7% | - |
| 1st January 1987 – 31st December 2019 | 173.2% | - |
| 1st January 1988 – 31st December 2019 | 162.2% | - |
| 1st January 1989 – 31st December 2019 | 148.1% | - |
| 1st January 1990 – 31st December 2019 | 130.6% | - |
| 1st January 1991 – 31st December 2019 | 107.9% | - |
| 1st January 1992 – 31st December 2019 | 99.7% | - |
| 1st January 1993 – 31st December 2019 | 92.8% | - |
| 1st January 1994 – 31st December 2019 | 89.4% | - |
| 1st January 1995 – 31st December 2019 | 85.3% | - |
| 1st January 1996 – 31st December 2019 | 78.3% | - |
| 1st January 1997 – 31st December 2019 | 74.7% | - |
| 1st January 1998 – 31st December 2019 | 68.6% | - |
| 1st January 1999 – 31st December 2019 | 63.4% | - |
| 1st January 2000 – 31st December 2019 | 61.6% | - |
| 1st January 2001 – 31st December 2019 | 56.4% | - |
| 1st January 2002 – 31st December 2019 | 53.8% | - |
| 1st January 2003 – 31st December 2019 | 51.2% | - |
| 1st January 2004 – 31st December 2019 | 47.1% | - |
| 1st January 2005 – 31st December 2019 | 42.7% | - |
| 1st January 2006 – 31st December 2019 | 39.0% | - |
| 1st January 2007 – 31st December 2019 | 34.1% | - |
| 1st January 2008 – 31st December 2019 | 29.1% | - |
| 1st January 2009 – 31st December 2019 | 22.9% | 22.9% |
| 1st January 2010 – 31st December 2019 | 24.7% | 24.7% |
| 1st January 2011 – 31st December 2019 | 20.9% | 20.9% |
| 1st January 2012 – 31st December 2019 | 15.0% | 15.0% |
| 1st January 2013 – 31st December 2019 | 12.5% | 12.5% |
| 1st January 2014 – 31st December 2019 | 9.5% | 9.5% |
| 1st January 2015 – 31st December 2019 | 8.2% | 8.2% |
| 1st January 2016 – 31st December 2019 | 8.3% | 8.3% |
| 1st January 2017 – 31st December 2019 | 7.3% | 7.3% |
1st January 2018 – 31st December 2019 1st January 2019 – 31st December 2019 | 4.1% 1.7% | 4.1% 1.7% |
Annotations
Footnotes
- f1
-
Paragraph 1 of Schedule 3 was amended by section 101 of, and paragraphs 1 and 2 of Schedule 2 to, the Pensions Act 2008; section 19 of the Pensions Act 2011 (c. 19); section 11 of, and paragraph 26 of Schedule 4 to, the Marriage (Same Sex Couples) Act 2013 (c. 30); article 29 of, and paragraph 11(9) of Schedule 5 to, S.I. 2014/3229.