The Guaranteed Minimum Pensions Increase Order 1993

• Citation: S.I. 1993/279
• Sections: 2

Section 1 Citation and commencement

This Order may be cited as the Guaranteed Minimum Pensions Increase Order 1993 and shall come into force on 6th April 1993.

Section 2 Increase of guaranteed minimum pensions

For the purposes of section 37A(3) and (4) of the Social Security Pensions Act 1975 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 year 1988—89 and subsequent tax years shall be 3 per cent.