Part V Annual Increases of Pensions in Payment

Chapter II Guaranteed Minimum Pensions

105 Annual increase of guaranteed minimum pensions.

1

Whenever the Secretary of State makes an order under section 109 of the M1Pension Schemes Act 1993 specifying a percentage by which there is to be an increase of the rate of that part of guaranteed minimum pensions which is attributable to earnings factors for F1the tax years in the relevant period as defined in that section for—

a

earners who have attained pensionable age; and

b

F2widows, widowers and surviving civil partners,

the Department may make a corresponding order for Northern Ireland.

2

Where the benefits mentioned in section 42(1) to (7) are not increased on the day on which an order under this section takes effect, the order shall be treated for the purposes of that section as not taking effect until the day on which those benefits are next increased.