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SCHEDULES

SCHEDULE 2E+W+SRevaluation of accrued benefits etc

Part 3E+W+SConsequential amendments

8(1)Section 51ZA of the Pensions Act 1995 (c. 26) (meaning of “the appropriate percentage”) is amended as follows.E+W+S

(2)In subsection (1)—

(a)in paragraph (a), for “revaluation percentage” substitute “ higher revaluation percentage ”;

(b)for paragraph (b) substitute—

(b)in the case of a category Y pension, means the lower revaluation percentage for that period.

(3)In subsection (2), for “ “the revaluation percentage”” substitute “ “ “the higher revaluation percentage”, “the lower revaluation percentage” ”.