Article 2 The higher and lower revaluation percentages for each revaluation period
For the purposes of paragraph 1 of Schedule 3 to the Pension Schemes Act 1993f1 (methods of revaluing accrued pension benefits: the final salary method), for each revaluation period specified in an entry in column 1 of the table below—
the higher revaluation percentagef2 is the percentage specified in the corresponding entry in column 2 of that table; and
the lower revaluation percentagef3, 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 2021 | 191.9% | - |
| 1st January 1987 - 31st December 2021 | 183.1% | - |
| 1st January 1988 - 31st December 2021 | 171.7% | - |
| 1st January 1989 - 31st December 2021 | 157.1% | - |
| 1st January 1990 - 31st December 2021 | 138.9% | - |
| 1st January 1991 - 31st December 2021 | 115.4% | - |
| 1st January 1992 - 31st December 2021 | 106.9% | - |
| 1st January 1993 - 31st December 2021 | 99.7% | - |
| 1st January 1994 - 31st December 2021 | 96.2% | - |
| 1st January 1995 - 31st December 2021 | 92.0% | - |
| 1st January 1996 - 31st December 2021 | 84.8% | - |
| 1st January 1997 - 31st December 2021 | 81.0% | - |
| 1st January 1998 - 31st December 2021 | 74.7% | - |
| 1st January 1999 - 31st December 2021 | 69.3% | - |
| 1st January 2000 - 31st December 2021 | 67.4% | - |
| 1st January 2001 - 31st December 2021 | 62.1% | - |
| 1st January 2002 - 31st December 2021 | 59.4% | - |
| 1st January 2003 - 31st December 2021 | 56.7% | - |
| 1st January 2004 - 31st December 2021 | 52.4% | - |
| 1st January 2005 - 31st December 2021 | 47.9% | - |
| 1st January 2006 - 31st December 2021 | 44.0% | - |
| 1st January 2007 - 31st December 2021 | 39.0% | - |
| 1st January 2008 - 31st December 2021 | 33.8% | - |
| 1st January 2009 - 31st December 2021 | 27.4% | 27.4% |
| 1st January 2010 - 31st December 2021 | 29.2% | 29.2% |
| 1st January 2011 - 31st December 2021 | 25.3% | 25.3% |
| 1st January 2012 - 31st December 2021 | 19.1% | 19.1% |
| 1st January 2013 - 31st December 2021 | 16.6% | 16.6% |
| 1st January 2014 - 31st December 2021 | 13.5% | 13.5% |
| 1st January 2015 - 31st December 2021 | 12.1% | 12.1% |
| 1st January 2016 - 31st December 2021 | 12.3% | 12.3% |
| 1st January 2017 - 31st December 2021 | 11.1% | 11.1% |
| 1st January 2018 - 31st December 2021 | 7.9% | 7.9% |
| 1st January 2019 - 31st December 2021 | 5.4% | 5.4% |
| 1st January 2020 - 31st December 2021 | 3.6% | 3.6% |
| 1st January 2021 - 31st December 2021 | 3.1% | 2.5% |
Annotations
Footnotes
- f1
-
Paragraph 1(1) to (3A) of Schedule 3 was substituted by paragraph 2 of Schedule 2 to the Pensions Act 2008 and amended by paragraph 26 of Schedule 4 to the Marriage (Same Sex Couples) Act 2013 (c. 30) and paragraph 11(9) of Schedule 5 to S.I. 2014/3229. Paragraph 1(5) and (6) of Schedule 3 was inserted by section 19 of the Pensions Act 2011 (c. 19).
- f2
-
Provision as to the higher revaluation percentage which the Secretary of State is to specify in relation to a revaluation period is made in paragraph 2(3) of Schedule 3 to the Pension Schemes Act 1993. Paragraph 2(3) of Schedule 3 was substituted by paragraph 3 of Schedule 2 to the Pensions Act 2008.
- f3
-
Provision as to the lower revaluation percentage which the Secretary of State is to specify in relation to a revaluation period is made in paragraph 2(3A) of Schedule 3 to the Pension Schemes Act 1993. Paragraph 2(3A) of Schedule 3 was substituted by paragraph 3 of Schedule 2 to the Pensions Act 2008.