This Statutory Instrument has been made in consequence of defects in S.I. 2023/116 and is being issued free of charge to all known recipients of that Statutory Instrument.
2023 No. 117
The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) (No. 2) Order 2023
Made
Laid before Parliament
Coming into force in accordance with article 1(2) to (5)
The Secretary of State for Work and Pensions, in exercise of the powers conferred by sections 178(1) and (6) and 315(2) and (5) of the Pensions Act 20041, makes the following Order.
In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2022. It appears to the Secretary of State that the general level of earnings has increased by 5.8% during that period.