The higher and lower revaluation percentages for each revaluation period2

For the purposes of paragraph 2(1) of Schedule 2 to the Pension Schemes (Northern Ireland) Act 1993 (methods of revaluing accrued pension benefits), for each revaluation period specified in column 1 of the Schedule—

a

the higher revaluation percentage is the percentage specified in column 2, and

b

the lower revaluation percentage, where applicable, is the percentage specified in column 3,

in relation to that period.