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The Guaranteed Minimum Pensions Increase Order 1996
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- UK Statutory Instruments
- 1996 No. 485
- Article 2
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Increase of guaranteed minimum pensions
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 in the rate of that part of any guaranteed minimum pension which is attributable to earnings factors for the tax year 1988-89 and subsequent tax years shall be 3 per cent.
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