The Occupational Pensions (Revaluation) Order 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
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 2023 | 242.9% | - 1st January 1987 - 31st December 2023 | 232.6% | - 1st January 1988 - 31st December 2023 | 219.2% | - 1st January 1989 - 31st December 2023 | 202.0% | - 1st January 1990 - 31st December 2023 | 180.7% | - 1st January 1991 - 31st December 2023 | 153.1% | - 1st January 1992 - 31st December 2023 | 143.1% | - 1st January 1993 - 31st December 2023 | 134.7% | - 1st January 1994 - 31st December 2023 | 130.5% | - 1st January 1995 - 31st December 2023 | 125.5% | - 1st January 1996 - 31st December 2023 | 117.1% | - 1st January 1997 - 31st December 2023 | 112.6% | - 1st January 1998 - 31st December 2023 | 105.2% | - 1st January 1999 - 31st December 2023 | 98.9% | - 1st January 2000 - 31st December 2023 | 96.7% | - 1st January 2001 - 31st December 2023 | 90.4% | - 1st January 2002 - 31st December 2023 | 87.2% | - 1st January 2003 - 31st December 2023 | 84.1% | - 1st January 2004 - 31st December 2023 | 79.1% | - 1st January 2005 - 31st December 2023 | 73.7% | - 1st January 2006 - 31st December 2023 | 69.1% | - 1st January 2007 - 31st December 2023 | 63.3% | - 1st January 2008 - 31st December 2023 | 57.1% | - 1st January 2009 - 31st December 2023 | 49.6% | 44.8% 1st January 2010 - 31st December 2023 | 51.8% | 41.3% 1st January 2011 - 31st December 2023 | 47.2% | 37.9% 1st January 2012 - 31st December 2023 | 39.9% | 34.5% 1st January 2013 - 31st December 2023 | 36.9% | 31.2% 1st January 2014 - 31st December 2023 | 33.3% | 28.0% 1st January 2015 - 31st December 2023 | 31.7% | 24.9% 1st January 2016 - 31st December 2023 | 31.9% | 21.8% 1st January 2017 - 31st December 2023 | 30.6% | 18.9% 1st January 2018 - 31st December 2023 | 26.8% | 16.0% 1st January 2019 - 31st December 2023 | 23.8% | 13.1% 1st January 2020 - 31st December 2023 | 21.6% | 10.4% 1st January 2021 - 31st December 2023 | 15.8% | 7.7% 1st January 2022 - 31st December 2023 | 10.3% | 5.1% 1st January 2023 - 31st December 2023 | 5.0% | 2.5%
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 2023 | 242.9% | - 1st January 1987 - 31st December 2023 | 232.6% | - 1st January 1988 - 31st December 2023 | 219.2% | - 1st January 1989 - 31st December 2023 | 202.0% | - 1st January 1990 - 31st December 2023 | 180.7% | - 1st January 1991 - 31st December 2023 | 153.1% | - 1st January 1992 - 31st December 2023 | 143.1% | - 1st January 1993 - 31st December 2023 | 134.7% | - 1st January 1994 - 31st December 2023 | 130.5% | - 1st January 1995 - 31st December 2023 | 125.5% | - 1st January 1996 - 31st December 2023 | 117.1% | - 1st January 1997 - 31st December 2023 | 112.6% | - 1st January 1998 - 31st December 2023 | 105.2% | - 1st January 1999 - 31st December 2023 | 98.9% | - 1st January 2000 - 31st December 2023 | 96.7% | - 1st January 2001 - 31st December 2023 | 90.4% | - 1st January 2002 - 31st December 2023 | 87.2% | - 1st January 2003 - 31st December 2023 | 84.1% | - 1st January 2004 - 31st December 2023 | 79.1% | - 1st January 2005 - 31st December 2023 | 73.7% | - 1st January 2006 - 31st December 2023 | 69.1% | - 1st January 2007 - 31st December 2023 | 63.3% | - 1st January 2008 - 31st December 2023 | 57.1% | - 1st January 2009 - 31st December 2023 | 49.6% | 44.8% 1st January 2010 - 31st December 2023 | 51.8% | 41.3% 1st January 2011 - 31st December 2023 | 47.2% | 37.9% 1st January 2012 - 31st December 2023 | 39.9% | 34.5% 1st January 2013 - 31st December 2023 | 36.9% | 31.2% 1st January 2014 - 31st December 2023 | 33.3% | 28.0% 1st January 2015 - 31st December 2023 | 31.7% | 24.9% 1st January 2016 - 31st December 2023 | 31.9% | 21.8% 1st January 2017 - 31st December 2023 | 30.6% | 18.9% 1st January 2018 - 31st December 2023 | 26.8% | 16.0% 1st January 2019 - 31st December 2023 | 23.8% | 13.1% 1st January 2020 - 31st December 2023 | 21.6% | 10.4% 1st January 2021 - 31st December 2023 | 15.8% | 7.7% 1st January 2022 - 31st December 2023 | 10.3% | 5.1% 1st January 2023 - 31st December 2023 | 5.0% | 2.5%
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.