Statutory Instruments
2021 No. 276
Public Service Pensions
The Public Service Pensions Revaluation Order 2021
Made
8th March 2021
Laid before the House of Commons
11th March 2021
Coming into force
1st April 2021
The Treasury make the following Order in exercise of the powers conferred 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 2021 and comes into force on 1st April 2021.
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 2020 and ending on 31st March 2021β
(a) the change in prices is an increase of 0.5 per cent; and
(b) the change in earnings is an increase of 2.4 per cent.
David Rutley
James Morris
Two of the Lords Commissioners of Her Majestyβs Treasury
8th March 2021