Statutory Instruments

2005 No. 521

PENSIONS

The Guaranteed Minimum Pensions Increase Order 2005

Made

8th March 2005

Coming into force

6th April 2005

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 2003;

And whereas it appears to him that the general level of prices was greater by 3.1 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 upon him by section 109(4) of the Pension Schemes Act 1993(1), makes the following Order:

(1)

1993 c. 48 (“the 1993 Act”).