# The Occupational Pensions (Revaluation) Order (Northern Ireland) 2015

S.R. 2015/403 · made 7 December 2015

This Order, which corresponds to an Order (S.I. 2015/1916) 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-2015/pdf/nisr_20150403_en.pdf; Explanatory Memorandum https://openlegislation.uk/occupational-pensions-revaluation-order-northern-ireland-2015/pdf/nisrem_20150403_en.pdf

## Introductory text

Pensions
Made 7th December 2015
Coming into operation 1st January 2016
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) 2015 and shall come into operation on 1st January 2016.
(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 7th December 2015
(L.S.)
Anne McCleary
A senior officer of the Department for Social Development

## 

Column 1
Revaluation period
Column 2
Higher revaluation percentage
Column 3
Lower revaluation percentage
1st January 1986 – 31st December 2015
160∙0%
–
1st January 1987 – 31st December 2015
152∙2%
–
1st January 1988 – 31st December 2015
142∙1%
–
1st January 1989 – 31st December 2015
129∙0%
–
1st January 1990 – 31st December 2015
112∙8%
–
1st January 1991 – 31st December 2015
91∙9%
–
1st January 1992 – 31st December 2015
84∙3%
–
1st January 1993 – 31st December 2015
77∙9%
–
1st January 1994 – 31st December 2015
74∙8%
–
1st January 1995 – 31st December 2015
71∙0%
–
1st January 1996 – 31st December 2015
64∙6%
–
1st January 1997 – 31st December 2015
61∙2%
–
1st January 1998 – 31st December 2015
55∙6%
–
1st January 1999 – 31st December 2015
50∙8%
–
1st January 2000 – 31st December 2015
49∙2%
–
1st January 2001 – 31st December 2015
44∙4%
–
1st January 2002 – 31st December 2015
42∙0%
–
1st January 2003 – 31st December 2015
39∙6%
–
1st January 2004 – 31st December 2015
35∙8%
–
1st January 2005 – 31st December 2015
31∙7%
–
1st January 2006 – 31st December 2015
28∙3%
–
1st January 2007 – 31st December 2015
23∙8%
–
1st January 2008 – 31st December 2015
19∙2%
–
1st January 2009 – 31st December 2015
13∙5%
13∙5%
1st January 2010 – 31st December 2015
15∙1%
15∙1%
1st January 2011 – 31st December 2015
11∙6%
11∙6%
1st January 2012 – 31st December 2015
6∙1%
6∙1%
1st January 2013 – 31st December 2015
3∙8%
3∙8%
1st January 2014 – 31st December 2015
1∙1%
1∙1%
1st January 2015 – 31st December 2015
0∙0%
0∙0%
(all dates inclusive)

## Explanatory note

(This note is not part of the Order)
This Order, which corresponds to an Order (S.I. 2015/1916) 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/2015/403 (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-northern-ireland-2015
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.