The Occupational Pensions (Revaluation) Order (Northern Ireland) 2016
The Occupational Pensions (Revaluation) Order (Northern Ireland) 2016
Independent editorial summary — not the official statute text. Read the official version on legislation.gov.uk.
Type: NI Statutory Rule
Year: 2016
Number: 423
Made: 2016-12-07
Coming into force: 2017-01-01
Last ingested: 2026-06-12 from legislation.gov.uk.
Explanatory note
Reproduced verbatim from the instrument as published on legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). The note is prepared by the responsible government department and is not part of the instrument itself.
This Order, which corresponds to an Order ( S.I. 2016/1102 ) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant to the revaluation of benefits under occupational pension schemes, as required by section 80 of, and Schedule 2 to, the Pension Schemes (Northern Ireland) Act 1993. The lower revaluation percentage introduced by the Pensions ( No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.) ) does not apply to pensionable service before 6th April 2009.