{
  "url": "https://openlegislation.uk/occupational-pensions-revaluation-order-2022/article-2",
  "json_url": "https://openlegislation.uk/occupational-pensions-revaluation-order-2022/article-2.json",
  "legislation": "uksi/2022/1229",
  "legislation_title": "The Occupational Pensions (Revaluation) Order 2022",
  "legislation_url": "https://openlegislation.uk/occupational-pensions-revaluation-order-2022",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "The higher and lower revaluation percentages for each revaluation period",
  "text": "For the purposes of paragraph 1 of Schedule 3 to the Pension Schemes Act 1993 (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—\n(a) the higher revaluation percentage is the percentage specified in the corresponding entry in column 2 of that table; and\n(b) the lower revaluation percentage, if any, is the percentage specified in the corresponding entry in column 3 of that table.\nColumn 1\nRevaluation period\nColumn 2\nHigher revaluation percentage\nColumn 3\nLower revaluation percentage\n1st January 1986 - 31st December 2022\n221.4%\n-\n1st January 1987 - 31st December 2022\n211.7%\n-\n1st January 1988 - 31st December 2022\n199.2%\n-\n1st January 1989 - 31st December 2022\n183.0%\n-\n1st January 1990 - 31st December 2022\n163.0%\n-\n1st January 1991 - 31st December 2022\n137.2%\n-\n1st January 1992 - 31st December 2022\n127.8%\n-\n1st January 1993 - 31st December 2022\n119.9%\n-\n1st January 1994 - 31st December 2022\n116.0%\n-\n1st January 1995 - 31st December 2022\n111.4%\n-\n1st January 1996 - 31st December 2022\n103.4%\n-\n1st January 1997 - 31st December 2022\n99.3%\n-\n1st January 1998 - 31st December 2022\n92.3%\n-\n1st January 1999 - 31st December 2022\n86.4%\n-\n1st January 2000 - 31st December 2022\n84.3%\n-\n1st January 2001 - 31st December 2022\n78.5%\n-\n1st January 2002 - 31st December 2022\n75.5%\n-\n1st January 2003 - 31st December 2022\n72.5%\n-\n1st January 2004 - 31st December 2022\n67.8%\n-\n1st January 2005 - 31st December 2022\n62.8%\n-\n1st January 2006 - 31st December 2022\n58.5%\n-\n1st January 2007 - 31st December 2022\n53.0%\n-\n1st January 2008 - 31st December 2022\n47.3%\n-\n1st January 2009 - 31st December 2022\n40.3%\n40.3%\n1st January 2010 - 31st December 2022\n42.2%\n37.9%\n1st January 2011 - 31st December 2022\n38.0%\n34.5%\n1st January 2012 - 31st December 2022\n31.1%\n31.1%\n1st January 2013 - 31st December 2022\n28.3%\n28.0%\n1st January 2014 - 31st December 2022\n25.0%\n24.9%\n1st January 2015 - 31st December 2022\n23.5%\n21.8%\n1st January 2016 - 31st December 2022\n23.6%\n18.9%\n1st January 2017 - 31st December 2022\n22.4%\n16.0%\n1st January 2018 - 31st December 2022\n18.8%\n13.1%\n1st January 2019 - 31st December 2022\n16.0%\n10.4%\n1st January 2020 - 31st December 2022\n14.1%\n7.7%\n1st January 2021 - 31st December 2022\n10.3%\n5.1%\n1st January 2022 - 31st December 2022\n5.0%\n2.5%",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph 1(1) to (3A) of Schedule 3 was substituted by section 101 of, and paragraphs 1 and 2 of Schedule 2 to, the Pensions Act 2008. Paragraph 1(1E) of Schedule 3 was amended by paragraphs 18 and 26 of Schedule 4 to the Marriage (Same Sex Couples) Act 2013 (c. 30) and paragraph 11(1) and (9) of Schedule 5 to S.I. 2014/3229. Paragraph 1(5) and (6) of Schedule 3 was inserted by section 19(4) and (5) of the Pensions Act 2011 (c. 19)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "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 section 101 of, and paragraphs 1 and 3(1) and (3) of Schedule 2 to, the Pensions Act 2008."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "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 section 101 of, and paragraphs 1 and 3(1) and (3) of Schedule 2 to, the Pensions Act 2008."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/1229/article/2",
    "retrieved_at": "2026-10-28T21:53:06.877774+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}