# The Guaranteed Minimum Pensions Increase Order 1993

S.I. 1993/279 · made 17 February 1993

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—89 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 17th February 1993
Coming into force 6th April 1993
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 1991;
And whereas it appears to him that the general level of prices was greater by 3.6 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(1) of the Social Security Act 1975 and 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 1993 and shall come into force on 6th April 1993.

## 2 Increase of guaranteed minimum pensions

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

## Signature

Signed by authority of the Secretary of State for Social Security.
Ann Widdecombe
Parliamentary Under-Secretary of State,
Department of Social Security
17th February 1993

## 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—89 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/1993/279 (the official version)
Page: https://openlegislation.uk/guaranteed-minimum-pensions-increase-order-1993
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.