# The Occupational Pensions (Revaluation) Order 2024, 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 2024
248.7%
-
1st January 1987 - 31st December 2024
238.3%
-
1st January 1988 - 31st December 2024
224.6%
-
1st January 1989 - 31st December 2024
207.1%
-
1st January 1990 - 31st December 2024
185.4%
-
1st January 1991 - 31st December 2024
157.4%
-
1st January 1992 - 31st December 2024
147.2%
-
1st January 1993 - 31st December 2024
138.6%
-
1st January 1994 - 31st December 2024
134.4%
-
1st January 1995 - 31st December 2024
129.4%
-
1st January 1996 - 31st December 2024
120.8%
-
1st January 1997 - 31st December 2024
116.2%
-
1st January 1998 - 31st December 2024
108.7%
-
1st January 1999 - 31st December 2024
102.2%
-
1st January 2000 - 31st December 2024
100.0%
-
1st January 2001 - 31st December 2024
93.7%
-
1st January 2002 - 31st December 2024
90.4%
-
1st January 2003 - 31st December 2024
87.2%
-
1st January 2004 - 31st December 2024
82.1%
-
1st January 2005 - 31st December 2024
76.7%
-
1st January 2006 - 31st December 2024
72.0%
-
1st January 2007 - 31st December 2024
66.0%
-
1st January 2008 - 31st December 2024
59.8%
-
1st January 2009 - 31st December 2024
52.2%
48.5%
1st January 2010 - 31st December 2024
54.4%
44.8%
1st January 2011 - 31st December 2024
49.7%
41.3%
1st January 2012 - 31st December 2024
42.3%
37.9%
1st January 2013 - 31st December 2024
39.2%
34.5%
1st January 2014 - 31st December 2024
35.6%
31.2%
1st January 2015 - 31st December 2024
34.0%
28.0%
1st January 2016 - 31st December 2024
34.1%
24.9%
1st January 2017 - 31st December 2024
32.8%
21.8%
1st January 2018 - 31st December 2024
28.9%
18.9%
1st January 2019 - 31st December 2024
25.9%
16.0%
1st January 2020 - 31st December 2024
23.8%
13.1%
1st January 2021 - 31st December 2024
21.6%
10.4%
1st January 2022 - 31st December 2024
15.8%
7.7%
1st January 2023 - 31st December 2024
8.5%
5.1%
1st January 2024 - 31st December 2024
1.7%
1.7%

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Source: https://www.legislation.gov.uk/uksi/2024/1174/article/2 (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-2024/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.