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Citation, commencement and interpretation

1.—(1) This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 2007 and shall come into operation on 1st January 2008.

(2) The Interpretation Act (Northern Ireland) 1954(1) shall apply to this Order as it applies to an Act of the Assembly.

Revaluation percentage for each revaluation period

2.  For the purposes of paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993, the revaluation percentage for each revaluation period specified in column 1 of the Schedule is the percentage specified in column 2 in relation to that period.

Sealed with the Official Seal of the Department for Social Development on 29th November 2007

(L.S.)

John O’Neill

A senior officer of the Department for Social Development