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The Occupational Pensions (Revaluation) Order (Northern Ireland) 2000

S.R. 2000/368 · Made 24 November 2000

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 24th November 2000

Coming into operation 1st January 2001

Whereas the Secretary of State for Social Security has made an Orderf1 under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993f2:

Annotations to the whole text

Footnotes

f1

S.I. 2000/3085

f2

1993 c. 48

Contents

  1. 1Citation, commencement and interpretation
  2. 2Revaluation percentage for each revaluation period
  3. Signature
  4. Schedule Schedule
  5. Explanatory note

1Citation, commencement and interpretation

(1)

This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 2000 and shall come into operation on 1st January 2001.

(2)

The Interpretation Act (Northern Ireland) 1954f1 shall apply to this Order as it applies to an Act of the Assembly.

2Revaluation percentage for each revaluation period

For the purposes of paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993, the revaluation percentage for each revaluation period specified in column 1 of the Schedule is the percentage specified opposite thereto in column 2.

Signature

Sealed with the Official Seal of the Department for Social Development on 24th November 2000.

L.S.

John O'Neill

Senior Officer of the

Department for Social Development

Column 1Column 2
Revaluation PeriodRevaluation Percentage
1st January 1986–31st December 200080·1%
1st January 1987–31st December 200074·7%
1st January 1988–31st December 200067·6%
1st January 1989–31st December 200058·6%
1st January 1990–31st December 200047·4%
1st January 1991–31st December 200032·9%
1st January 1992–31st December 200027·7%
1st January 1993–31st December 200023·2%
1st January 1994–31st December 200021·1%
1st January 1995–31st December 200018·4%
1st January 1996–31st December 200014·0%
1st January 1997–31st December 200011·7%
1st January 1998–31st December 20007·8%
1st January 1999–31st December 20004·4%
1st January 2000–31st December 20003·3%
(all dates inclusive)

Explanatory note

(This note is not part of the Order.)

This Order, which corresponds to an Order (S.I. 2000/3085) made by the Secretary of State for Social Security under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant to the revaluation of benefits under occupational pension schemes, as required by section 80 of, and Schedule 2 to, the Pension Schemes (Northern Ireland) Act 1993.