The proposed statutory rule allows earnings factors derived from historic earnings to be restated at current values (i.e. values at tax year 2024/25 determined by reference to Average Weekly Earnings for 12 months ending September 2023. Revaluation is applied to the calculation of an award of inheritable Additional State Pension, flat rate accruals of Second State Pension (S2P) and Guaranteed Minimum State Pensions (GMPs). It is also used for the purposes of revaluing pre 6 April 2016 old State Pension Scheme pensions and credits where a Pension Sharing Order is made by the Matrimonial Courts in respect of a person’s Additional State Pension.