Statutory Instruments
2015 No. 769
Public Service Pensions, England And Wales
The Public Service Pensions Revaluation Order 2015
Made
18th March 2015
Laid before Parliament
19th March 2015
Coming into force
11th April 2015
The Treasury make the following Order in exercise of the powers conferred on them by section 9(2), (3) and (4)(b) of the Public Service Pensions Act 2013( 1 ):
Citation, commencement and interpretation
1. —(1) This Order may be cited as the Public Service Pensions Revaluation Order 2015 and comes into force on 11th April 2015.
(2) In this Order—
“the Act” means the Public Service Pensions Act 2013 ;
“the local government pension scheme” means the scheme established by the Local Government Pension Scheme Regulations 2013 ( 2 ) for the payment of pensions and other benefits to or in respect of local government workers in England and Wales; and
“scheme year” has the meaning given in those Regulations.
Revaluation by reference to change in prices
2. —(1) This article applies to the local government pension scheme only.
(2) For the purposes of section 9(2) of the Act, the change in prices to be applied in relation to the scheme year ending with 31st March 2015 is an increase of 1.2 per cent.
Harriett Baldwin
David Evennett
Two of the Lords Commissioners of Her Majesty’s Treasury
18th March 2015
S.I. 2013/2356 , which was amended by S.I. 2015/755 .