# The Occupational Pensions (Revaluation) Order 2023, 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 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—
(a) the higher revaluation percentage is the percentage specified in the corresponding entry in column 2 of that table; and
(b) the lower revaluation percentage, if any, is the percentage specified in the corresponding entry in column 3 of that table.
Column 1
Column 2
Column 3
Revaluation period
Higher revaluation percentage
Lower revaluation percentage
1st January 1986 - 31st December 2023
242.9%
-
1st January 1987 - 31st December 2023
232.6%
-
1st January 1988 - 31st December 2023
219.2%
-
1st January 1989 - 31st December 2023
202.0%
-
1st January 1990 - 31st December 2023
180.7%
-
1st January 1991 - 31st December 2023
153.1%
-
1st January 1992 - 31st December 2023
143.1%
-
1st January 1993 - 31st December 2023
134.7%
-
1st January 1994 - 31st December 2023
130.5%
-
1st January 1995 - 31st December 2023
125.5%
-
1st January 1996 - 31st December 2023
117.1%
-
1st January 1997 - 31st December 2023
112.6%
-
1st January 1998 - 31st December 2023
105.2%
-
1st January 1999 - 31st December 2023
98.9%
-
1st January 2000 - 31st December 2023
96.7%
-
1st January 2001 - 31st December 2023
90.4%
-
1st January 2002 - 31st December 2023
87.2%
-
1st January 2003 - 31st December 2023
84.1%
-
1st January 2004 - 31st December 2023
79.1%
-
1st January 2005 - 31st December 2023
73.7%
-
1st January 2006 - 31st December 2023
69.1%
-
1st January 2007 - 31st December 2023
63.3%
-
1st January 2008 - 31st December 2023
57.1%
-
1st January 2009 - 31st December 2023
49.6%
44.8%
1st January 2010 - 31st December 2023
51.8%
41.3%
1st January 2011 - 31st December 2023
47.2%
37.9%
1st January 2012 - 31st December 2023
39.9%
34.5%
1st January 2013 - 31st December 2023
36.9%
31.2%
1st January 2014 - 31st December 2023
33.3%
28.0%
1st January 2015 - 31st December 2023
31.7%
24.9%
1st January 2016 - 31st December 2023
31.9%
21.8%
1st January 2017 - 31st December 2023
30.6%
18.9%
1st January 2018 - 31st December 2023
26.8%
16.0%
1st January 2019 - 31st December 2023
23.8%
13.1%
1st January 2020 - 31st December 2023
21.6%
10.4%
1st January 2021 - 31st December 2023
15.8%
7.7%
1st January 2022 - 31st December 2023
10.3%
5.1%
1st January 2023 - 31st December 2023
5.0%
2.5%

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Source: https://www.legislation.gov.uk/uksi/2023/1265/article/2 (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-2023/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.