Public Sector: Guaranteed Minimum Pensions

(asked on 20th September 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department provided written instructions to public service pension schemes on continued payment of Pension Increase (PI) for Guaranteed Minimum Pension in circumstances where there is no monetary payment made through the State Pension between 2016 and 2019.


Answered by
Chris Philp Portrait
Chris Philp
Minister of State (Home Office)
This question was answered on 23rd September 2022

Provisions for the indexation of Guaranteed Minimum Pensions by Public Service Pension Schemes, including for the period from 2016 to 2019, are set out in Directions made by HM Treasury under section 59A of the Social Security Pensions Act 1975. These provide for the full indexation of Guaranteed Minimum Pensions earned as part of a public service pension in circumstances where those Guaranteed Minimum Pensions are not increased through the State Pension. The latest Section 59A direction is available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/975793/Treasury_Direction_30.03.2021_FINAL.pdf

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