The Occupational Pensions (Revaluation) Order 1994 No. 2891


BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?

No donation is too small. If every visitor before 31 December gives just £5, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!



BAILII [Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]

United Kingdom Statutory Instruments


You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Occupational Pensions (Revaluation) Order 1994 No. 2891
URL: http://www.bailii.org/uk/legis/num_reg/1994/uksi_19942891_en.html

[New search] [Help]


Statutory Instruments

1994 No. 2891

PENSIONS

The Occupational Pensions (Revaluation) Order 1994

Made

11th November 1994

Laid before Parliament

18th November 1994

Coming into force

1st January 1995

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 1994.

(2) This Order shall come into force on 1st January 1995.

The revaluation percentage of each revaluation period

2. For the purposes of paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, the revalution 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 199452.0%
1st January 1987-31st December 199447.5%
1st January 1988-31st December 199440.7%
1st January 1989-31st December 199433.9%
1st January 1990-31st December 199424.4%
1st January 1991-31st December 199412.2%
1st January 1992-31st December 19947.8%
1st January 1993-31st December 19944.0%
1st January 1994-31st December 19942.2%

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

James Arbuthnot

Parliamentary Under-Secretary of State,

Department of Social Security

11th November 1994

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 revaluation year beginning on 1st January 1994. The revaluation percentages specified are relevant to the revaluation 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.


BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback | Donate to BAILII
URL: http://www.bailii.org/uk/legis/num_reg/1994/uksi_19942891_en.html