The Public Service Pensions Revaluation Order (Northern Ireland) 2025
Source: legislation.gov.uk (2025-05-09)

Section 9 of the Public Service Pensions Act (Northern Ireland) 2014 (c.2) (revaluation) applies to pension schemes which, under that Act, require a revaluation of pensionable earnings, or a proportion of such earnings, accrued as a pension, by reference to a change in prices or earnings (or both) in a given period.

Statutory Rules of Northern Ireland

2025 No. 55

Public Service Pensions

The Public Service Pensions Revaluation Order (Northern Ireland) 2025

Made

13th March 2025

Coming into operation in accordance with article 1(2) and (3)

The Department of Finance makes the following Order in exercise of the powers conferred by section 9(2) and (3) of the Public Service Pensions Act (Northern Ireland) 2014(1 (\"#f00001\")).

Citation, commencement, and extentN.I.

1.—(1) This Order may be cited as the Public Service Pensions Revaluation Order (Northern Ireland) 2025.

(2) This Order comes into operation on 1st April 2025, subject as follows.

(3) Article 2 comes into operation—

(a)on 6 April 2025 in respect of schemes established by—

(i)The Local Government Pension Scheme Regulations (Northern Ireland) 2014(2 (\"#f00002\"));

(ii)The Health and Social Care Pension Scheme Regulations (Northern Ireland) 2015(3 (\"#f00003\")).

(b)for all other purposes on 1st April 2025.

Commencement Information

I1Art. 1 in operation at 1.4.2025, see art. 1(2) (\"http://www.legislation.gov.uk/id/nisr/2025/55/article/1/2\")

Revaluation by reference to change in prices or earningsN.I.

2. For the purposes of section 9(2) of the Public Service Pensions Act (Northern Ireland) 2014 (revaluation), in relation to the period beginning with 1st April 2024 and ending with 31st March 2025—

(a)the change in prices is an increase of 1.7 per cent;

(b)the change in earnings is an increase of 4.5 per cent.

Commencement Information

I2Art. 2 in operation at 1.4.2025 in so far as not already in force, see art. 1(3)(b) (\"http://www.legislation.gov.uk/id/nisr/2025/55/article/1/3/b\")

I3Art. 2 in operation at 6.4.2025 for specified purposes, see art. 1(3)(a) (\"http://www.legislation.gov.uk/id/nisr/2025/55/article/1/3/a\")

Sealed with the Official Seal of the Department of Finance on 13th March 2025.

(L.S.)

Patrick Neeson

A senior officer of the

Department of Finance

EXPLANATORY NOTE

(This note is not part of the Order)

Section 9 of the Public Service Pensions Act (Northern Ireland) 2014 (c.2) (\"http://www.legislation.gov.uk/id/ukpga/2014/2\") (revaluation) applies to pension schemes which, under that Act, require a revaluation of pensionable earnings, or a proportion of such earnings, accrued as a pension, by reference to a change in prices or earnings (or both) in a given period.

In relation to the period from 1st April 2024 to 31st March 2025 inclusive, article 2 of this Order specifies an increase in prices of 1.7 per cent, based on a measure of the year on year change in the Consumer Prices Index to September 2024; and an increase in earnings of 4.5 per cent, based on a measure of the year on year change in average weekly earnings to September 2024.

This Order comes into operation on 1st April 2025 but, for the schemes specified in article 1(3)(a), this order will have effect from 6th April 2025.

(1)

2014 c.2 (N.I.) (\"http://www.legislation.gov.uk/id/nia/2014/2\")

(2)

S.R. 2014/188 (\"http://www.legislation.gov.uk/id/nisr/2014/188\").

(3)

S.R. 2015/120 (\"http://www.legislation.gov.uk/id/nisr/2015/120\").