
1 

(1) This Order may be cited as the Guaranteed Minimum Pensions Increase Order 2023 and comes into force on 6th April 2023.
(2) This Order extends to England and Wales and Scotland.
2 
For the purposes of section 109(2) and (3) of the Pension Schemes Act 1993, the 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 the tax years in the relevant period is 3 per cent.
Signed by authority of the Secretary of State for Work and Pensions
Laura Trott
Parliamentary Under Secretary of State
Department for Work and Pensions
6th March 2023