Revaluation rateExperts at the Government Actuary’s Department (GAD) reviewed the fixed rate of guaranteed minimum pension (GMP) revaluation for early leavers. The Department for Work and Pensions (DWP) had asked GAD to undertake the review. It was for early leavers in contracted-out employment before 6 April 2016 and who leave service on or between 6 April 2022 and 5 April 2027. Inflation and wage growthAs a result of GAD’s analysis, we proposed a fixed revaluation rate of between 3% per year and 3.5% per year would be an appropriate range. This conclusion was based on current trends and expe…