Statutory Instruments

2023 No. 1269

SOCIAL SECURITY

The State Pension Revaluation for Transitional Pensions Order 2023

Made

27th November 2023

Laid before Parliament

28th November 2023

Coming into force in accordance with article 1(2)

The Secretary of State has carried out a review in accordance with section 148AC(1) of the Social Security Administration Act 1992(1) and it appeared to the Secretary of State that the general level of prices in Great Britain has increased during the review period(2).

Accordingly the Secretary of State makes the following Order in exercise of the powers conferred by sections 148AC(3) and 189(1) and (4) of the Social Security Administration Act 1992(3).

(1)

1992 c. 5; section 148AC was inserted by paragraph 17 of Schedule 12 to the Pensions Act 2014 (c. 19).

(2)

For the meaning of “review period” see section 148AC(2) of the Social Security Administration Act 1992.

(3)

Section 189 was amended by paragraph 109 of Schedule 7, and Schedule 8, to the Social Security Act 1998 (c. 14), paragraph 57(1) and (2) of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), Schedule 6 to the Tax Credits Act 2002 (c. 21) and S.I. 2013/252. There are other amendments to section 189 but none is relevant to this Order.