Pensions Increase Q&A

How is the Scheme pension increase calculated?

Your Scheme pension is increased in April each year, based on the percentage change in the Retail Prices Index (RPI) for the 12 months to the previous September. This means with effect from 11 April 2016 Scheme pensions will be increased by 0.8%, which is the annual increase in RPI in the 12 months to September 2015.

How is the increase applied to the different elements of my pension?

If you reached State Pension Age before 6 April 2016 click here to see how your increase is calculated.

If you reach State Pension Age on or after 6 April 2016 click here to see how your increase is calculated.

What increases has the Scheme paid in the past?

A list of recent increases can be found by clicking here.

If you are a pensioner member of the Scheme and would like to see how the annual pensions increase has been applied to your Scheme pension please click here to access My Online Pension.