# The Social Security Benefits Up-rating Order 2022, Article 5: Increase in rates or amount of certain benefits under the Pension Schemes Act


(1) It is directed that the sums specified in paragraph (2) shall be increased from and including the respective dates specified in article 7.
(2) Sums which are payable by virtue of section 15(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 17(2) and (3) of that Act) shall be increased by—
(a) 3.1 per cent where the increase under section 15(1) is attributable to earnings factors for the tax year 1987-88 and earlier tax years; and
(b) 0.1 per cent where the increase under section 15(1) is attributable to earnings factors for the tax years 1988-89 to 1996-97 inclusive.

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Source: https://www.legislation.gov.uk/ukdsi/2022/9780348231151/article/5 (the official version)
Page: https://openlegislation.uk/draft-social-security-benefits-up-rating-order-2022/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.