The Guaranteed Minimum Pensions Increase Order 2002

Draft Order laid before Parliament under section 109(2) of the Pension Schemes Act 1993, for approval by resolution of each House of Parliament.

Draft Statutory Instruments

2002 No.

PENSIONS

The Guaranteed Minimum Pensions Increase Order 2002

Made

2002

Coming into force

6th April 2002

Whereas the Secretary of State has reviewed the general level of prices obtaining in Great Britain for the period of 12 months commencing on 1st October 2000;

And whereas it appears to him that the general level of prices was greater by 1.7 per cent. at the end of that period than it was at the beginning of that period;

And whereas a draft of the following Order was laid before Parliament and approved by a resolution of each House;

Now, therefore, the Secretary of State for Work and Pensions, in exercise of the power conferred by section 109(4) of the Pension Schemes Act 1993(1) hereby makes the following Order:

(1)

1993 c. 48.