Pension increases

Once in payment, your pension increases on 1 April each year. Parts of your pension may receive different increases:

• Pension built up before 1 July 2012 goes up each year in line with inflation up to 2.5% a year.
• Pension you built up from 1 July 2012 on the 5% member contribution rate goes up each year in line with inflation up to 3%.
• Pension you built up from 1 July 2012 on the higher member contribution rate goes up each year in line with inflation up to 5%.