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Statutory Instruments

1990 No. 2315

PENSIONS

The Occupational Pensions (Revaluation) Order 1990

Made

20th November 1990

Laid before Parliament

28th November 1990

Coming into force

1st January 1991

The Secretary of State for Social Security, in exercise of the powers conferred by section 166(1) of the Social Security Act 1975(1) and section 52A(1) of the Social Security Pensions Act 1975(2), hereby makes the following Order:

Citation and commencement

1.—(1) This Order may be cited as the Occupational Pensions (Revaluation) Order 1990.

(2) This Order comes into force on 1st January 1991.

The revaluation percentage for each revaluation period

2.  For the purposes of section 52A of the Social Security Pensions Act 1975, the revaluation percentage for each revaluation period specified in column 1 below is the appropriate percentage specified in column 2.

Column 1Column 2
Revaluation PeriodRevaluation Percentage
1st January 1986 – 31st December 199027.6%
1st January 1987 – 31st December 199021.6%
1st January 1988 – 31st December 199015.8%
1st January 1989 – 31st December 199010.3%
1st January 1990 – 31st December 1990  5.0%

Signed by authority of the Secretary of State for Social Security.

Henley

Parliamentary Under-Secretary of State,

Department of Social Security

20th November 1990

Explanatory Note

(This note is not part of the Order)

This Order is made, as required by section 52A of the Social Security Pensions Act 1975, in the revaluation year beginning on 1st January 1990. The revaluation percentages specified are relevant to the revaluation of benefits under ocupational pension schemes, as required by section 52B of, and Schedule 1A to, that Act.

(1)

1975 c. 14; section 166(1) applies, by virtue of section 66(2) of the Social Security Pensions Act 1975 (c. 60), to the exercise of powers to make orders under that Act.

(2)

1975 c. 60; section 52A was inserted by section 2 of, and paragraph 2 of Schedule 1 to, the Social Security Act 1985 (c. 53). Paragraph 13 of Schedule 6 to the Social Security Act 1989 (c. 24) amended subsection (3) of section 52A and, for subsection (8), substituted new subsections (8) and (9).