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The Guaranteed Minimum Pensions Increase Order (Northern Ireland) 1997

S.R. 1997/105 · Made 26 February 1997

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 26th February 1997

Coming into operation 6th April 1997

Whereas the Secretary of State for Social Security has made an Orderf1 under section 109(4) of the Pension Schemes Act 1993f2:

Annotations to the whole text

Footnotes

f1

S.I. 1997/457

f2

1993 c. 48

Contents

  1. 1Citation, commencement and interpretation
  2. 2Increase of guaranteed minimum pensions
  3. Signature
  4. Explanatory note

1Citation, commencement and interpretation

(1)

This Order may be cited as the Guaranteed Minimum Pensions Increase Order (Northern Ireland) 1997 and shall come into operation on 6th April 1997.

(2)

In this Order—

“relevant period” has the same meaning as in section 109(3A) of the Pension Schemes Act 1993f1.

(3)

The Interpretation Act (Northern Ireland) 1954f2 shall apply to this Order as it applies to a Measure of the Assembly.

2Increase of guaranteed minimum pensions

For the purposes of section 105(1) of the Pension Schemes (Northern Ireland) 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 period shall be 2.1 per cent.

Signature

Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on

L.S.

John O'Neill

Assistant Secretary

26th February 1997.

Explanatory note

(This note is not part of the Order.)

This Order, which corresponds to an Order (S.I. 1997/457) made by the Secretary of State for Social Security under section 109(4) of the Pension Schemes Act 1993, specifies 2.1 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 tax years and payable by occupational pension schemes is to be increased.