The Pensions Increase (Review) (No. 2) Order 2024
Under section 59 of the Social Security and Pensions Act 1975 (c. 60) (increase of official pensions) where the Secretary of State for Work and Pensions, under section 151(1) of the Social Security Administration Act 1992 (c. 5), directs that the sums in section 150(1)(c) of the 1992 Act are to be increased by a specified percentage, the Treasury shall provide by order for the increase in the rates of public service pensions. The Pensions (Increase) Act 1971 (c. 56) defines certain terms, sets out when a pension “begins” and how the increase applies to lump sums.
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Lifecycle
Department
Made
14 Mar 2024
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In force
08 Apr 2024
Enabling power
The Secretary of State for Work and Pensions has, by virtue of section 151 of the Social Security Administration Act 1992, given a directionthat the sums mentioned in section 150(1)(c) of that Act are to be increased by a specified percentage. The Treasury make the following Order in exercise of the powers conferred by sections 59(1), (2), (5) and (5ZA) and 61B(3) of the Social Security Pensions Act 1975and now vested in them.
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