Pension increases
Your pension increases on 1 April each year. Depending on whether you retired before or after 31 December 2007, your pension will be increased differently. Special rules also apply regarding increases to your GMP (see below).
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).
Read moreDiscretionary pension increases
In the past, the Unilever UK Pension Fund has tended to pay pension increases above the 5% limit in years when inflation has been above 5%.
Read moreGuaranteed Minimum Pension (GMP)
The plan is 'contracted out' which means that you and Unilever paid lower National Insurance, and the plan must meet certain requirements relating to the second level of State pension (S2P – previously known as SERPS).
Read more