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SCHEDULES

SCHEDULE 1REVALUATION OF ACCRUED BENEFITS ETC.

PART 3CONSEQUENTIAL AMENDMENTS

8.  In Article 51ZA of the 1995 Order (meaning of “the appropriate percentage”)—

(a)in paragraph (a), for “revaluation percentage” substitute “higher revaluation percentage”;

(b)for paragraph (b) substitute—

(b)in the case of a category Y pension, means the lower revaluation percentage for that period..

9.  In Article 54(3) of the 1995 Order (Articles 51 to 53: supplementary)—

(a)after the definition of “the commencement day” insert—

“higher revaluation percentage” and “lower revaluation percentage” mean the higher revaluation percentage and the lower revaluation percentage specified for a revaluation period by a revaluation order;;

(b)omit the definition of “revaluation percentage”.