2003 No. 524
The Guaranteed Minimum Pensions Increase Order 2003
Made
Coming into force
Whereas the Secretary of State has reviewed the general level of prices obtaining in Great Britain for the period of 12 months commencing on 1st October 2001;
And whereas it appears to him that the general level of prices was greater by 1.7 per cent. at the end of that period than it was at the beginning of that period;
And whereas a draft of the following Order was laid before Parliament and approved by a resolution of each House;
Now, therefore, the Secretary of State for Work and Pensions, in exercise of the power conferred by section 109(4) of the Pension Schemes Act 19931, hereby makes the following Order:
Citation and commencement1
This Order may be cited as the Guaranteed Minimum Pensions Increase Order 2003 and shall come into force on 6th April 2003.
Increase of guaranteed minimum pensions2
Signed by authority of the Secretary of State for Work and Pensions.
(This note is not part of the Order)