Guaranteed Minimum Pensions Increase Order (Northern Ireland) 2014 comes into force

Implementation date: 6 April 2014

The order specifies the percentage by which the guaranteed minimum pension element of an individual's pension attributable to earnings factors for the tax years 1988/89 to 1996/97 and payable by contracted-out, defined-benefit occupational pension schemes increases. The order is consistent with an order made in Great Britain.