The Occupational Pensions (Revaluation) Order 2024
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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 2024 | 248.7% | - 1st January 1987 - 31st December 2024 | 238.3% | - 1st January 1988 - 31st December 2024 | 224.6% | - 1st January 1989 - 31st December 2024 | 207.1% | - 1st January 1990 - 31st December 2024 | 185.4% | - 1st January 1991 - 31st December 2024 | 157.4% | - 1st January 1992 - 31st December 2024 | 147.2% | - 1st January 1993 - 31st December 2024 | 138.6% | - 1st January 1994 - 31st December 2024 | 134.4% | - 1st January 1995 - 31st December 2024 | 129.4% | - 1st January 1996 - 31st December 2024 | 120.8% | - 1st January 1997 - 31st December 2024 | 116.2% | - 1st January 1998 - 31st December 2024 | 108.7% | - 1st January 1999 - 31st December 2024 | 102.2% | - 1st January 2000 - 31st December 2024 | 100.0% | - 1st January 2001 - 31st December 2024 | 93.7% | - 1st January 2002 - 31st December 2024 | 90.4% | - 1st January 2003 - 31st December 2024 | 87.2% | - 1st January 2004 - 31st December 2024 | 82.1% | - 1st January 2005 - 31st December 2024 | 76.7% | - 1st January 2006 - 31st December 2024 | 72.0% | - 1st January 2007 - 31st December 2024 | 66.0% | - 1st January 2008 - 31st December 2024 | 59.8% | - 1st January 2009 - 31st December 2024 | 52.2% | 48.5% 1st January 2010 - 31st December 2024 | 54.4% | 44.8% 1st January 2011 - 31st December 2024 | 49.7% | 41.3% 1st January 2012 - 31st December 2024 | 42.3% | 37.9% 1st January 2013 - 31st December 2024 | 39.2% | 34.5% 1st January 2014 - 31st December 2024 | 35.6% | 31.2% 1st January 2015 - 31st December 2024 | 34.0% | 28.0% 1st January 2016 - 31st December 2024 | 34.1% | 24.9% 1st January 2017 - 31st December 2024 | 32.8% | 21.8% 1st January 2018 - 31st December 2024 | 28.9% | 18.9% 1st January 2019 - 31st December 2024 | 25.9% | 16.0% 1st January 2020 - 31st December 2024 | 23.8% | 13.1% 1st January 2021 - 31st December 2024 | 21.6% | 10.4% 1st January 2022 - 31st December 2024 | 15.8% | 7.7% 1st January 2023 - 31st December 2024 | 8.5% | 5.1% 1st January 2024 - 31st December 2024 | 1.7% | 1.7%
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 2024 | 248.7% | - 1st January 1987 - 31st December 2024 | 238.3% | - 1st January 1988 - 31st December 2024 | 224.6% | - 1st January 1989 - 31st December 2024 | 207.1% | - 1st January 1990 - 31st December 2024 | 185.4% | - 1st January 1991 - 31st December 2024 | 157.4% | - 1st January 1992 - 31st December 2024 | 147.2% | - 1st January 1993 - 31st December 2024 | 138.6% | - 1st January 1994 - 31st December 2024 | 134.4% | - 1st January 1995 - 31st December 2024 | 129.4% | - 1st January 1996 - 31st December 2024 | 120.8% | - 1st January 1997 - 31st December 2024 | 116.2% | - 1st January 1998 - 31st December 2024 | 108.7% | - 1st January 1999 - 31st December 2024 | 102.2% | - 1st January 2000 - 31st December 2024 | 100.0% | - 1st January 2001 - 31st December 2024 | 93.7% | - 1st January 2002 - 31st December 2024 | 90.4% | - 1st January 2003 - 31st December 2024 | 87.2% | - 1st January 2004 - 31st December 2024 | 82.1% | - 1st January 2005 - 31st December 2024 | 76.7% | - 1st January 2006 - 31st December 2024 | 72.0% | - 1st January 2007 - 31st December 2024 | 66.0% | - 1st January 2008 - 31st December 2024 | 59.8% | - 1st January 2009 - 31st December 2024 | 52.2% | 48.5% 1st January 2010 - 31st December 2024 | 54.4% | 44.8% 1st January 2011 - 31st December 2024 | 49.7% | 41.3% 1st January 2012 - 31st December 2024 | 42.3% | 37.9% 1st January 2013 - 31st December 2024 | 39.2% | 34.5% 1st January 2014 - 31st December 2024 | 35.6% | 31.2% 1st January 2015 - 31st December 2024 | 34.0% | 28.0% 1st January 2016 - 31st December 2024 | 34.1% | 24.9% 1st January 2017 - 31st December 2024 | 32.8% | 21.8% 1st January 2018 - 31st December 2024 | 28.9% | 18.9% 1st January 2019 - 31st December 2024 | 25.9% | 16.0% 1st January 2020 - 31st December 2024 | 23.8% | 13.1% 1st January 2021 - 31st December 2024 | 21.6% | 10.4% 1st January 2022 - 31st December 2024 | 15.8% | 7.7% 1st January 2023 - 31st December 2024 | 8.5% | 5.1% 1st January 2024 - 31st December 2024 | 1.7% | 1.7%
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