# The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2020, Introduction: Introductory text

Extent: E+W+S

Pensions
Made 30th January 2020
Laid before Parliament 3rd February 2020
Coming into force in accordance with article 1(2) to (4)
The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 178(1) and (6) and 315(2) and (5) of, and paragraphs 26A(7) and 27(2) and (3) of Schedule 7 to, the Pensions Act 2004 .
In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2019. It appears to the Secretary of State that the general level of earnings has increased by 3.9% during that period.
On a review under section 148(2) of the Social Security Administration Act 1992 , the Secretary of State concluded that the general level of earnings obtaining in Great Britain exceeds by 3.6% the general level at the end of the period taken into account for the last such review under that section.

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Source: https://www.legislation.gov.uk/uksi/2020/101/introduction (the official version)
Page: https://openlegislation.uk/pension-protection-fund-and-occupational-pension-schemes-levy-ceiling-and-compensation-cap-order-2020/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.