Statutory Rules of Northern Ireland
PENSIONS
Made
15th November 2004
Coming into operation
1st January 2005
1.—(1) This Order may be cited as the Occupational Pensions (Revaluation) Order (Northern Ireland) 2004 and shall come into operation on 1st January 2005.
(2) The Interpretation Act (Northern Ireland) 1954(5) shall apply to this Order as it applies to an Act of the Assembly.
2. For the purposes of paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993, the revaluation percentage for each revaluation period specified in column 1 of the Schedule is the percentage specified opposite thereto in column 2.
Sealed with the Official Seal of the Department for Social Development on 15th November 2004.
L.S.
John O'Neill
A senior officer of the
Department for Social Development
Article 2
| Column 1 | Column 2 |
|---|---|
| Revaluation period | Revaluation percentage |
| 1st January 1986–31st December 2004 | 97.4% |
| 1st January 1987–31st December 2004 | 91.5% |
| 1st January 1988–31st December 2004 | 83.8% |
| 1st January 1989–31st December 2004 | 73.9% |
| 1st January 1990–31st December 2004 | 61.6% |
| 1st January 1991–31st December 2004 | 45.7% |
| 1st January 1992–31st December 2004 | 40.0% |
| 1st January 1993–31st December 2004 | 35.1% |
| 1st January 1994–31st December 2004 | 32.7% |
| 1st January 1995–31st December 2004 | 29.8% |
| 1st January 1996–31st December 2004 | 25.0% |
| 1st January 1997–31st December 2004 | 22.4% |
| 1st January 1998–31st December 2004 | 18.1% |
| 1st January 1999–31st December 2004 | 14.5% |
| 1st January 2000–31st December 2004 | 13.2% |
| 1st January 2001–31st December 2004 | 9.6% |
| 1st January 2002–31st December 2004 | 7.8% |
| 1st January 2003–31st December 2004 | 6.0% |
| 1st January 2004–31st December 2004 | 3.1% |
| (all dates inclusive) |
(This note is not part of the Order.)
This Order, which corresponds to an Order (S.I. 2004/2948) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993 (c. 48) 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 (c. 49).
This Order does not impose any costs on business.