Statutory Instruments
2025 No. 252
PUBLIC SERVICE PENSIONS
The Public Service Pensions Revaluation Order 2025
Made
3rd March 2025
Laid before the House of Commons
4th March 2025
Coming into force in accordance with article 1(2) and (3)
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, commencement and extent
1.—(1) This Order may be cited as the Public Service Pensions Revaluation Order 2025.
(2) Subject to paragraph (3), this Order comes into force on 1st April 2025.
(3) Article 2 comes into force on 6th April 2025 in respect of schemes established by—
(a)the Local Government Pension Scheme Regulations 2013(2);
(b)the Local Government Pension Scheme (Scotland) Regulations 2018(3);
(c)the National Health Service Pension Scheme Regulations 2015(4);
(d)the National Health Service Pension Scheme (Scotland) Regulations 2015(5).
(4) This Order extends to England and Wales, Scotland and Northern Ireland.
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 with 1st April 2024 and ending with 31st March 2025—
(a)the change in prices is an increase of 1.7per cent;
(b)the change in earnings is an increase of 4.5 per cent.
Vicky Foxcroft
Jeff Smith
Two of the Lords Commissioners of His Majesty's Treasury
3rd March 2025