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 2020 | 183.1% | - |
| 1st January 1987 - 31st December 2020 | 174.6% | - |
| 1st January 1988 - 31st December 2020 | 163.5% | - |
| 1st January 1989 - 31st December 2020 | 149.3% | - |
| 1st January 1990 - 31st December 2020 | 131.7% | - |
| 1st January 1991 - 31st December 2020 | 108.9% | - |
| 1st January 1992 - 31st December 2020 | 100.7% | - |
| 1st January 1993 - 31st December 2020 | 93.7% | - |
| 1st January 1994 - 31st December 2020 | 90.3% | - |
| 1st January 1995 - 31st December 2020 | 86.2% | - |
| 1st January 1996 - 31st December 2020 | 79.2% | - |
| 1st January 1997 - 31st December 2020 | 75.5% | - |
| 1st January 1998 - 31st December 2020 | 69.4% | - |
| 1st January 1999 - 31st December 2020 | 64.2% | - |
| 1st January 2000 - 31st December 2020 | 62.4% | - |
| 1st January 2001 - 31st December 2020 | 57.2% | - |
| 1st January 2002 - 31st December 2020 | 54.6% | - |
| 1st January 2003 - 31st December 2020 | 52.0% | - |
| 1st January 2004 - 31st December 2020 | 47.9% | - |
| 1st January 2005 - 31st December 2020 | 43.4% | - |
| 1st January 2006 - 31st December 2020 | 39.6% | - |
| 1st January 2007 - 31st December 2020 | 34.8% | - |
| 1st January 2008 - 31st December 2020 | 29.7% | - |
| 1st January 2009 - 31st December 2020 | 23.6% | 23.6% |
| 1st January 2010 - 31st December 2020 | 25.3% | 25.3% |
| 1st January 2011 - 31st December 2020 | 21.5% | 21.5% |
| 1st January 2012 - 31st December 2020 | 15.5% | 15.5% |
| 1st January 2013 - 31st December 2020 | 13.0% | 13.0% |
| 1st January 2014 - 31st December 2020 | 10.1% | 10.1% |
| 1st January 2015 - 31st December 2020 | 8.8% | 8.8% |
| 1st January 2016 - 31st December 2020 | 8.9% | 8.9% |
| 1st January 2017 - 31st December 2020 | 7.8% | 7.8% |
| 1st January 2018 - 31st December 2020 | 4.7% | 4.7% |
| 1st January 2019 - 31st December 2020 | 2.2% | 2.2% |
| 1st January 2020 – 31st December 2020 | 0.5% | 0.5% |
Annotations
Footnotes
- f1
-
Paragraph 1 of Schedule 3 was amended by paragraph 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.