The Guaranteed Minimum Pensions Increase Order (Northern Ireland) 2024 - screening

The proposed statutory rule specifies the percentage by which the guaranteed minimum pension (GMP) element of an individual’s occupational pension entitlement is increased with effect from 6 April 2024 (a person could accrue a GMP in a contracted-out occupational pension scheme between 1978 and 1997).  The Order is a routine, annual order that is purely technical in nature