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The Occupational Pensions (Revaluation) Order 2000

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Statutory Instruments

2000 No. 3085

PENSIONS

The Occupational Pensions (Revaluation) Order 2000

Made

16th November 2000

Laid before Parliament

23rd November 2000

Coming into force

1st January 2001

The Secretary of State for Social Security, in exercise of the powers conferred by paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993(1), hereby makes the following Order:

Citation and commencement

1.—(1) This Order may be cited as the Occupational Pensions (Revaluation) Order 2000.

(2) This Order shall come into force on 1st January 2001.

The revaluation percentage for each revaluation period

2.  For the purposes of paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, the revaluation percentage for each revaluation period specified in column 1 below is the percentage specified in column 2 in relation to that period.

Column 1Column 2
Revaluation periodRevaluation percentage
1st January 1986—31st December 200080.1%
1st January 1987—31st December 200074.7%
1st January 1988—31st December 200067.6%
1st January 1989—31st December 200058.6%
1st January 1990—31st December 200047.4%
1st January 1991—31st December 200032.9%
1st January 1992—31st December 200027.7%
1st January 1993—31st December 200023.2%
1st January 1994—31st December 200021.1%
1st January 1995—31st December 200018.4%
1st January 1996—31st December 200014.0%
1st January 1997—31st December 200011.7%
1st January 1998—31st December 20007.8%
1st January 1999—31st December 20004.4%
1st January 2000—31st December 20003.3%

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

Jeff Rooker

Minister of State,

Department of Social Security

16th November 2000

Explanatory Note

(This note is not part of the Order)

This Order is made, as required by paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, in the year beginning 1st January 2000 and specifies revaluation percentages for the purpose of the revaluation on or after 1st January 2001 of benefits under occupational pension schemes, as required by section 84 of, and Schedule 3 to, that Act.

This Order does not impose any costs on business.

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