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In section 109 of the [1993 c. 48.] Pension Schemes Act 1993 (annual increase of guaranteed minimum pensions)—
(a)in subsection (2) (increase in rate of that part of guaranteed minimum pension attributable to earnings factors for tax year 1988-89 and subsequent tax years) for “the tax year 1988-89 and subsequent tax years” there is substituted “the tax years in the relevant period”, and
(b)after subsection (3) there is inserted—
“(3A)The relevant period is the period—
(a)beginning with the tax year 1988-89, and
(b)ending with the last tax year that begins before the principal appointed day for the purposes of Part III of the Pensions Act 1995”.
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