Article 2 Increase of guaranteed minimum pensions
For the purposes of section 109(2) and (3) of the Pension Schemes Act 1993f1 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 years in the relevant periodf2 shall be 1.1%.
Annotations
Footnotes
- f1
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Section 109(2) was amended by section 55(a) of the Pensions Act 1995 (c. 26).
- f2
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See section 109(3A) of the Pension Schemes Act 1993, which was inserted by section 55(b) of the Pensions Act 1995.