- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
5. It is directed that the sums which are payable by virtue of section 11(1) of the Pension Schemes Act (increase of guaranteed minimum where commencement of guaranteed minimum pension postponed) to a person who is also entitled to a Category A or Category B retirement pension (including sums payable by virtue of section 13(2) and (3) of that Act (1)) shall be increased by—
(a)3.1 per cent where the increase under section 11(1) is attributable to earnings factors for the tax year 1987-88 and earlier tax years (2); and
(b)0.1 per cent where the increase under section 11(1) is attributable to earnings factors for the tax years 1988-89 to 1996-97 inclusive.
Section 13(2) was amended by paragraph 5(b) of Schedule 1 to S.R. 2005 No. 433, regulation 68(3)(a) and (b) of S.I. 2019/1514 and regulation 40(2) of S.I. 2020/1143
See section 132(4) of the Social Security Administration (Northern Ireland) Act 1992 as amended by paragraph 41(c) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993; see also S.R. 2022No. 231
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: