2000 No. 3085
PENSIONS

The Occupational Pensions (Revaluation) Order 2000

Made
Laid before Parliament
Coming into force
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 19931, hereby makes the following Order:

Citation and commencement1.

(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 period2.

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 1

Column 2

Revaluation period

Revaluation percentage

1st January 1986—31st December 2000

80.1%

1st January 1987—31st December 2000

74.7%

1st January 1988—31st December 2000

67.6%

1st January 1989—31st December 2000

58.6%

1st January 1990—31st December 2000

47.4%

1st January 1991—31st December 2000

32.9%

1st January 1992—31st December 2000

27.7%

1st January 1993—31st December 2000

23.2%

1st January 1994—31st December 2000

21.1%

1st January 1995—31st December 2000

18.4%

1st January 1996—31st December 2000

14.0%

1st January 1997—31st December 2000

11.7%

1st January 1998—31st December 2000

7.8%

1st January 1999—31st December 2000

4.4%

1st January 2000—31st December 2000

3.3%

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

Jeff Rooker
Minister of State,
Department of Social Security
(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.