Statutory Instruments
2017 No. 242
Public Service Pensions
The Public Service Pensions Revaluation Order 2017
Made
2nd March 2017
Laid before the House of Commons
3rd March 2017
Coming into force
1st April 2017
The Treasury make the following Order in exercise of the powers conferred on them by section 9(2) and (3) of the Public Service Pensions Act 2013( 1 ):
Citation and commencement
1. This Order may be cited as the Public Service Pensions Revaluation Order 2017 and comes into force on 1st April 2017.
Revaluation by reference to change in prices or earnings
2. For the purposes of section 9(2) of the Public Service Pensions Act 2013 (revaluation), in relation to the period beginning on 1st April 2016 and ending on 31st March 2017β
(a) the change in prices is an increase of 1 per cent; and
(b) the change in earnings is an increase of 2.6 per cent.
Andrew Griffiths
Stephen Barclay
Two of the Lords Commissioners of Her Majestyβs Treasury
2nd March 2017