The Pensions Increase (Review) Order 2020 No. 290

Statutory Instruments

2020 No. 290

Pensions

The Pensions Increase (Review) Order 2020

Made

11th March 2020

Laid before Parliament

13th March 2020

Coming into force

6th April 2020

The Secretary of State for Work and Pensions has, by virtue of section 151 of the Social Security Administration Act 1992(1), given a direction(2) that the sums mentioned in section 150(1)(c) of the Act are to be increased by a specified percentage.

The Treasury make the following Order in exercise of the powers conferred by sections 59(1), (2), (5) and (5ZA) of the Social Security Pensions Act 1975(3) and now vested in them(4).

(1)

1992 c.5; section 151(1) was amended by Section 130(2) of the Pensions Act 1995 (c.26).

(2)

S.I. 2020/234.

(3)

1975 c.60. Section 59(1) was amended by section 1(7) of the Pensions (Miscellaneous Provisions) Act 1990 (c.7) and by the Social Security (Consequential Provisions) Act 1992 (c.6), Schedule 2, paragraph 34. Section 59(5) was amended by section 11 of the Social Security Act 1979 (c.18) and the Social Security Act 1985 (c.53), Schedule 5, paragraph 33. Section 59 was also amended by the Social Security Act 1979, section 11 and Schedule 3, paragraph 20; section 5 of the Pensions (Miscellaneous Provisions) Act 1990 (which inserted subsection (5ZA)) and the Pensions Schemes Act 1993 (c.48), section 190 and Schedule 8, paragraph 9(1). Section 59 was modified by section 59A, which was inserted by section 11(4) of the Social Security Act 1979, amended by the Social Security Act 1986, section 9(9), and further amended by the Pensions Schemes Act 1993, section 190 and Schedule 8, paragraph 9(2). Subsections (5ZB), (5ZC) and (7) were in addition amended by S.I. 2014/560, 2014/3168 and 2014/3229.

(4)

By virtue of article 2(1)(c) and (d) of S.I. 1981/1670.