# The Occupational Pensions (Revaluation) Order (Northern Ireland) 2012

S.R. 2012/426 · made 3 December 2012

This Order, which corresponds to an Order (S.I. 2012/2952) made by the Secretary of State for Work and Pensions 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. The lower revaluation percentage introduced by the Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.)) does not apply to pensionable service before 6th April 2009.

Made under: Pension Schemes (Northern Ireland) Act 1993 (Schedule 2 paragraph 2); Pension Schemes Act 1993

PDFs: Printed copy https://openlegislation.uk/occupational-pensions-revaluation-order-northern-ireland-2012/pdf/nisr_20120426_en.pdf; Explanatory Memorandum https://openlegislation.uk/occupational-pensions-revaluation-order-northern-ireland-2012/pdf/nisrem_20120426_en.pdf

## Introductory text

Pensions
Made 3rd December 2012
Coming into operation 1st January 2013
This Order is made in exercise of the powers conferred by paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993 and now vested in the Department for Social Development.
The Secretary of State for Work and Pensions has made an Order under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993.
Accordingly the Department for Social Development makes the following Order:

## 1 Citation, commencement and interpretation

(1) This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 2012 and shall come into operation on 1st January 2013.
(2) The Interpretation Act (Northern Ireland) 1954 shall apply to this Order as it applies to an Act of the Assembly.

## 2 The higher and lower revaluation percentages for each revaluation period

For the purposes of paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993 (methods of revaluing accrued pension benefits), for each revaluation period specified in column 1 of the Schedule, the higher revaluation percentage is the percentage specified in column 2, and the lower revaluation percentage, where applicable, is the percentage specified in column 3, in relation to that period.

## Signature

Sealed with the Official Seal of the Department for Social Development on 3rd December 2012
(L.S.)
Anne McCleary
A senior officer of the Department for Social Development

## 

Column 1
Column 2
Column 3
Revaluation period
Higher revaluation percentage
Lower revaluation percentage
1st January 1986 – 31st December 2012
150∙4%
–
1st January 1987 – 31st December 2012
142∙9%
–
1st January 1988 – 31st December 2012
133∙1%
–
1st January 1989 – 31st December 2012
120∙6%
–
1st January 1990 – 31st December 2012
105∙0%
–
1st January 1991 – 31st December 2012
84∙8%
–
1st January 1992 – 31st December 2012
77∙6%
–
1st January 1993 – 31st December 2012
71∙4%
–
1st January 1994 – 31st December 2012
68∙4%
–
1st January 1995 – 31st December 2012
64∙7%
–
1st January 1996 – 31st December 2012
58∙5%
–
1st January 1997 – 31st December 2012
55∙3%
–
1st January 1998 – 31st December 2012
49∙9%
–
1st January 1999 – 31st December 2012
45∙2%
–
1st January 2000 – 31st December 2012
43∙7%
–
1st January 2001 – 31st December 2012
39∙1%
–
1st January 2002 – 31st December 2012
36∙7%
–
1st January 2003 – 31st December 2012
34∙5%
–
1st January 2004 – 31st December 2012
30∙8%
–
1st January 2005 – 31st December 2012
26∙9%
–
1st January 2006 – 31st December 2012
23∙5%
–
1st January 2007 – 31st December 2012
19∙2%
–
1st January 2008 – 31st December 2012
14∙8%
–
1st January 2009 – 31st December 2012
9∙3%
9∙3%
1st January 2010 – 31st December 2012
10∙8%
7∙7%
1st January 2011 – 31st December 2012
7∙5%
5∙1%
1st January 2012 – 31st December 2012
2∙2%
2∙2%
(all dates inclusive)

## Explanatory note

(This note is not part of the Order)
This Order, which corresponds to an Order (S.I. 2012/2952) made by the Secretary of State for Work and Pensions 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. The lower revaluation percentage introduced by the Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.)) does not apply to pensionable service before 6th April 2009.

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Source: https://www.legislation.gov.uk/nisr/2012/426 (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-northern-ireland-2012
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.