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Pension increases

Pension increases

If you are receiving your pension, this is usually increased each year to take into account the cost of living.

If you:

then you will receive the increase to your pension each April.

If you do not fall into one of these groups, do not worry. When you reach your 55th birthday we will recalculate your pension, taking into account all of the increases that you have missed. Your new rate of pension will be paid from that point onwards.

Pensions Increase payable from April 2014 is 2.7%.

Further information and a breakdown of the increase for those who have not been in receipt of their pension for one full year can be found below.

Treasury Guidance

 

 

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