Part 3Consequential amendments
8(1)Section 51ZA of the Pensions Act 1995 (c. 26) (meaning of “the appropriate percentage”) is amended as follows.
(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””.