# The Guaranteed Minimum Pensions Increase Order 1991

S.I. 1991/427 · made 4 March 1991

This Order, a draft of which has been laid before and approved by a resolution of each House of Parliament, is made as a consequence of a review under section 37A(1) of the Social Security Pensions Act 1975. It specifies 3 per cent. as the percentage by which that part of any guaranteed minimum pension attributable to earnings factors for the tax year 1988–1989 and subsequent years and payable by occupational pension schemes is to be increased. Under section 37A(4) the percentage to be specified is the actual percentage increase in the period under review or 3 per cent., whichever is less.

Made under: Social Security Act 1975; Social Security Pensions Act 1975

## Introductory text

PENSIONS
Made 4th March 1991
Coming into force 6th April 1991
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 1989;
And whereas it appears to him that the general level of prices was greater by 10.9 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 Social Security, in exercise of the powers conferred by section 166 of the Social Security Act 1975and section 37A of the Social Security Pensions Act 1975, hereby makes the following Order:

## 1 Citation and commencement

This Order may be cited as the Guaranteed Minimum Pensions Increase Order 1991 and shall come into force on 6th April 1991.

## 2 Increase of guaranteed minimum pensions

For the purposes of section 37A(3) and (4) of the Social Security Pensions Act 1975 there shall on 6th April 1991 be an increase of 3 per cent. in that part of any guaranteed minimum pension which is attributable to earnings factors for the tax year 1988–89 and subsequent tax years.

## Signature

Signed by authority of the Secretary of State for Social Security.
Henley
Parliamentary Under-Secretary of State,
Department of Social Security
4th March 1991

## Explanatory note

(This note is not part of the Order)
This Order, a draft of which has been laid before and approved by a resolution of each House of Parliament, is made as a consequence of a review under section 37A(1) of the Social Security Pensions Act 1975. It specifies 3 per cent. as the percentage by which that part of any guaranteed minimum pension attributable to earnings factors for the tax year 1988–1989 and subsequent years and payable by occupational pension schemes is to be increased. Under section 37A(4) the percentage to be specified is the actual percentage increase in the period under review or 3 per cent., whichever is less.

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Source: https://www.legislation.gov.uk/uksi/1991/427 (the official version)
Page: https://openlegislation.uk/guaranteed-minimum-pensions-increase-order-1991
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.