# The Social Security Revaluation of Earnings Factors Order 2011 S.I. 2011/475 · made 22 February 2011 This Order is made following a review under section 148 (revaluation of earnings factors) of the Social Security Administration Act 1992 (c. 5). Made under: Social Security Administration Act 1992 (Section 148, Section 189) PDFs: Printed copy https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-2011/pdf/uksi_20110475_en.pdf; Explanatory Memorandum https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-2011/pdf/uksiem_20110475_en.pdf ## Introductory text Social Security Made 22nd February 2011 Laid before Parliament 28th February 2011 Coming into force 6th April 2011 In accordance with section 148(2) (revaluation of earnings factors) of the Social Security Administration Act 1992, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain. The Secretary of State has concluded, having regard to earlier orders made under section 148, that earnings factors for the relevant tax years have not, during the period taken into account for that review, maintained their value in relation to the general level of earnings. The Secretary of State makes the following Order in exercise of the powers conferred upon him by section 148(3) and (4) and section 189(1), (4) and (5) of the Social Security Administration Act 1992. ## 1 Citation and commencement This Order may be cited as the Social Security Revaluation of Earnings Factors Order 2011 and shall come into force on 6th April 2011. ## 2 Revaluation of earnings factors The earnings factors for tax years specified in the Schedule to this Order in so far as they are relevant— (a) to the calculation— (i) of the additional pension in the rate of any long-term benefit, or (ii) of any guaranteed minimum pension; or (b) to any other calculation required under Part 3 of the Pension Schemes Act 1993 (including that Part as modified by or under any other enactment), are directed to be increased for those tax years by the percentage of their amount shown opposite those tax years in that Schedule. ## 3 Rounding of fractional amounts Where any earnings factor relevant to the calculation specified in article 2(a)(i) of this Order, as increased in accordance with this Order, would not but for this article be expressed as a whole number of pounds, it shall be so expressed by rounding down any fraction of a pound less than one half and rounding up any other fraction of a pound. ## Signature Signed by authority of the Secretary of State for Work and Pensions. Steve Webb Minister of State, Department for Work and Pensions 22nd February 2011 ## Percentage increase of earnings factor for specified tax years Tax year Percentage increase 1978 – 1979 705.0 1979 – 1980 610.5 1980 – 1981 493.6 1981 – 1982 397.1 1982 – 1983 351.5 1983 – 1984 319.2 1984 – 1985 288.2 1985 – 1986 264.2 1986 – 1987 234.4 1987 – 1988 211.3 1988 – 1989 186.4 1989 – 1990 158.5 1990 – 1991 140.9 1991 – 1992 118.8 1992 – 1993 105.5 1993 – 1994 95.7 1994 – 1995 89.8 1995 – 1996 81.8 1996 – 1997 76.8 1997 – 1998 68.4 1998 – 1999 61.0 1999 – 2000 54.5 2000 – 2001 45.4 2001 – 2002 39.8 2002 – 2003 34.0 2003 – 2004 29.4 2004 – 2005 24.6 2005 – 2006 19.7 2006 – 2007 15.8 2007 – 2008 11.2 2008 – 2009 6.7 2009 – 2010 3.5 2010 – 2011 2.3 ## Explanatory note (This note is not part of the Order) This Order is made following a review under section 148 (revaluation of earnings factors) of the Social Security Administration Act 1992 (c. 5). This Order directs that the earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit or of any guaranteed minimum pension, or to any other calculation required under Part 3 of the Pension Schemes Act 1993 (c. 48), are to be increased for the tax years specified in the Schedule to the Order by the percentage of their amount specified in that Schedule. The percentages specified in this Order for the tax years from and including 2000 – 2001 are also relevant for the purposes of revaluing state scheme pension debits and credits in accordance with sections 45B(6), 55A(5) and 55B(6) of the Social Security Contributions and Benefits Act 1992 (c. 4). The percentage for the tax year 2010 – 2011 is 2.3%. The percentages for earlier tax years have been increased so that the earnings factors for those years are revalued at 2010 – 2011 earning levels. The percentage for the tax year 2010 – 2011 is based on the measure of Average Weekly Earnings, which has replaced the Average Earnings Index as the lead measure of short term changes in average earnings in Great Britain. This Order also provides for rounding fractional amounts for earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit. By virtue of section 23(2) of the Social Security Contributions and Benefits Act 1992 (c. 4), rounding is not required for the purpose of the calculation of any guaranteed minimum pension. A full impact assessment has not been produced for this instrument as it has no new impact on the private or voluntary sectors. --- Source: https://www.legislation.gov.uk/uksi/2011/475 (the official version) Page: https://openlegislation.uk/social-security-revaluation-of-earnings-factors-order-2011 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.