For retirements up to 31 December 2007
Your pension will increase each year in line with inflation, up to a maximum of 5% (apart from any Guaranteed Minimum Pension (GMP) element).
In line with the rules of the Fund, the inflation figure used is the RPI figure at 1 March each year. This is the January figure, which is published in February.
The increases that have been applied for the last five years are as follows:
| 2011 | 5.0% |
| 2010 | 3.7% |
| 2009 | 0.1% |
| 2008 | 4.1% |
| 2007 | 4.2% |
For more information on your pension increase, please refer to the latest 'Your pension' newsletter available in the downloadable documents area.