
1 

(1) This Order may be cited as the Occupational Pensions (Revaluation) Order 2022 and comes into force on 1st January 2023.
(2) This Order extends to England and Wales and Scotland.
2 
For the purposes of paragraph 1 of Schedule 3 to the Pension Schemes Act 1993 (methods of revaluing accrued pension benefits: the final salary method), for each revaluation period specified in an entry in column 1 of the table below—
(a) the higher revaluation percentage is the percentage specified in the corresponding entry in column 2 of that table; and
(b) the lower revaluation percentage, if any, is the percentage specified in the corresponding entry in column 3 of that table.

Column 1Revaluation period Column 2Higher revaluation percentage Column 3Lower revaluation percentage
1st January 1986 - 31st December 2022 221.4% -
1st January 1987 - 31st December 2022 211.7% -
1st January 1988 - 31st December 2022 199.2% -
1st January 1989 - 31st December 2022 183.0% -
1st January 1990 - 31st December 2022 163.0% -
1st January 1991 - 31st December 2022 137.2% -
1st January 1992 - 31st December 2022 127.8% -
1st January 1993 - 31st December 2022 119.9% -
1st January 1994 - 31st December 2022 116.0% -
1st January 1995 - 31st December 2022 111.4% -
1st January 1996 - 31st December 2022 103.4% -
1st January 1997 - 31st December 2022 99.3% -
1st January 1998 - 31st December 2022 92.3% -
1st January 1999 - 31st December 2022 86.4% -
1st January 2000 - 31st December 2022 84.3% -
1st January 2001 - 31st December 2022 78.5% -
1st January 2002 - 31st December 2022 75.5% -
1st January 2003 - 31st December 2022 72.5% -
1st January 2004 - 31st December 2022 67.8% -
1st January 2005 - 31st December 2022 62.8% -
1st January 2006 - 31st December 2022 58.5% -
1st January 2007 - 31st December 2022 53.0% -
1st January 2008 - 31st December 2022 47.3% -
1st January 2009 - 31st December 2022 40.3% 40.3%
1st January 2010 - 31st December 2022 42.2% 37.9%
1st January 2011 - 31st December 2022 38.0% 34.5%
1st January 2012 - 31st December 2022 31.1% 31.1%
1st January 2013 - 31st December 2022 28.3% 28.0%
1st January 2014 - 31st December 2022 25.0% 24.9%
1st January 2015 - 31st December 2022 23.5% 21.8%
1st January 2016 - 31st December 2022 23.6% 18.9%
1st January 2017 - 31st December 2022 22.4% 16.0%
1st January 2018 - 31st December 2022 18.8% 13.1%
1st January 2019 - 31st December 2022 16.0% 10.4%
1st January 2020 - 31st December 2022
 14.1% 7.7%
1st January 2021 - 31st December 2022 10.3% 5.1%
1st January 2022 - 31st December 2022 5.0% 2.5%
Signed by authority of the Secretary of State for Work and Pensions
Laura Trott
Parliamentary Under Secretary of State
Department for Work and Pensions
23rd November 2022