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SCHEDULES

SCHEDULE 1N.I.REVALUATION OF ACCRUED BENEFITS ETC.

PART 3 N.I.CONSEQUENTIAL AMENDMENTS

8  In Article 51ZA of the 1995 Order (meaning of “the appropriate percentage”)—N.I.

(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..

9  In Article 54(3) of the 1995 Order (Articles 51 to 53: supplementary)—N.I.

(a)after the definition of “the commencement day” insert—

“higher revaluation percentage” and “lower revaluation percentage” mean the higher revaluation percentage and the lower revaluation percentage specified for a revaluation period by a revaluation order;;

(b)omit the definition of “revaluation percentage”.