
2023 No. 29
Pensions
The Guaranteed Minimum Pensions Increase Order (Northern Ireland) 2023
Made 8th March 2023
Coming into operation 6th April 2023

This Order is made in exercise of the powers conferred by section 105 of the Pension Schemes (Northern Ireland) Act 1993 and now vested in the Department for Communities.
The Secretary of State for Work and Pensions has made an Order under section 109(4) of the Pension Schemes Act 1993.

Accordingly the Department for Communities makes the following Order:
Citation, commencement and interpretation
1 

(1) This Order may be cited as the Guaranteed Minimum Pensions Increase Order (Northern Ireland) 2023 and shall come into operation on 6th April 2023.
(2) In this Order “relevant period” has the same meaning as in section 109(3A) of the Pension Schemes Act 1993.
(3) The Interpretation Act (Northern Ireland) 1954 shall apply to this Order as it applies to an Act of the Assembly.
Increase of guaranteed minimum pensions
2 
For the purposes of section 105(1) of the Pension Schemes (Northern Ireland) 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.
Sealed with the Official Seal of the Department for Communities on 8th March 2023
(L.S.)Anne McCleary
A senior officer of the Department for Communities
