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# 2020 No. 101 

# PENSIONS 

The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2020 

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Coming into force in accordance with article 1(2) to (4) 

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 178(1) and (6) and 315(2) and (5) of, and paragraphs 26A(7) and 27(2) and (3) of Schedule 7 to, the Pensions Act 2004( a ). 

In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2019. It appears to the Secretary of State that the general level of earnings has increased by 3.9% during that period. 

On a review under section 148(2) of the Social Security Administration Act 1992( b ), the Secretary of State concluded that the general level of earnings obtaining in Great Britain exceeds by 3.6% the general level at the end of the period taken into account for the last such review under that section. 

## Citation, commencement and interpretation 

1. —(1) This Order may be cited as the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2020. 

(2) This article and article 2 come into force on 12th March 2020. 

(3) Article 3 comes into force on 31st March 2020. 

(4) Articles 4 and 5 come into force on 1st April 2020. 

(5) In this Order, “the Act” means the Pensions Act 2004. 

