
1 

(1) This Order may be cited as the Guaranteed Minimum Pensions Increase Order 2024 and comes into force on 6th April 2024.
(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
Jo Churchill
Minister of State
Department for Work and Pensions
1st March 2024