Statutory Instruments
2004 No.2948
PENSIONS
The Occupational Pensions (Revaluation) Order 2004
Made
11th November 2004
Laid before Parliament
17th November 2004
Coming into force
1st January 2005
The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him 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 2004.
(2) This Order shall come into force on 1 st January 2005.
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 1 | Column 2 |
|---|---|
| Revaluation period | Revaluation percentage |
| 1 st January 1986-31 st December 2004 | 97.4% |
| 1 st January 1987-31 st December 2004 | 91.5% |
| 1 st January 1988-31 st December 2004 | 83.8% |
| 1 st January 1989-31 st December 2004 | 73.9% |
| 1 st January 1990-31 st December 2004 | 61.6% |
| 1 st January 1991-31 st December 2004 | 45.7% |
| 1 st January 1992-31 st December 2004 | 40.0% |
| 1 st January 1993-31 st December 2004 | 35.1% |
| 1 st January 1994-31 st December 2004 | 32.7% |
| 1 st January 1995-31 st December 2004 | 29.8% |
| 1 st January 1996-31 st December 2004 | 25.0% |
| 1 st January 1997-31 st December 2004 | 22.4% |
| 1 st January 1998-31 st December 2004 | 18.1% |
| 1 st January 1999-31 st December 2004 | 14.5% |
| 1 st January 2000-31 st December 2004 | 13.2% |
| 1 st January 2001-31 st December 2004 | 9.6% |
| 1 st January 2002-31 st December 2004 | 7.8% |
| 1 st January 2003-31 st December 2004 | 6.0% |
| 1 st January 2004-31 st December 2004 | 3.1% |
Signed by authority of the Secretary of State for Work and Pensions.
Malcolm Wicks
Minister of State,
Department for Work and Pensions
11th November 2004