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GBR-2007-R-75699
Breadcrumb
Title_of_text
The Guaranteed Minimum Pensions Increase Order 2007 (S.I. 2007 No. 686).
Main Region
First Region
Country(ies)
United Kingdom
Subjects (Classification)
Social security (general standards); Old-age, invalidity and survivors benefit
Adopted on (Date of text)
2007-03-06
Scope of text
National
Type of legislation (Type of text)
Regulation, Decree, Ordinance
Second Region
Abstract/Citation
This Order specifies 3% as the percentage by which that part of any guaranteed minimum pension attributable to earnings factors for the tax years 1988-89 to 1996-97 and payable by contracted-out, defined benefit occupational pension schemes is to be increased. Under section 109(3) of the Pension Schemes Act 1993 (c.48) the percentage to be specified is the actual percentage increase in the general level of prices in the period under review or 3% whichever is less.
Entry dates region
Date of entry into force
2007-04-06
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Basic Text region
Basic text(s)
1993-11-05 (GBR-1993-L-35180)
Pension Schemes Act 1993 (Chapter 48)
Electronic region
Electronic source title
Regulation on-line
Author
Office of Public Sector Information
Country
United Kingdom
URL
http://www.opsi.gov.uk/si/si2007/20070686.htm