Guaranteed Minimum Pensions Increase Order (Northern Ireland) 2004 comes into force

Implementation date: 6 April 2004

The Order is made in consequence of a review under the Pension Schemes Act 1993, section 109(1). The Order specifies 2.8 per cent 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. The Order can be viewed on the OPSI website.
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