Schedule 2: Revaluation of accrued benefits etc. Part 3
245.Paragraph 8 makes consequential amendments to section 51ZA of the PA 1995, which defines “the appropriate percentage” for the purposes of section 51 of the same Act (limited price indexation of pensions in payment). The amendments insert a reference to the new revaluation rate cap of 2.5% for accrued benefits attributable to post commencement day service as introduced by Part 1 of this Schedule.