Pensions Act 2008 (c. 30)

SCHEDULES

SCHEDULE 2 E+W+S Revaluation of accrued benefits etc

Part 3 E+W+S Consequential amendments

8 (1) Section 51ZA of the Pensions Act 1995 (c. 26) (meaning of “the appropriate percentage”) is amended as follows. E+W+S

(2) In subsection (1)—

(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.”

(3) In subsection (2), for “ “the revaluation percentage”” substitute “ “ “the higher revaluation percentage”, “the lower revaluation percentage” ”.