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).

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For retirements from 1 January 2008

Parts of your pension may receive different increases

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Guaranteed Minimum Pension (GMP)

Before 6 April 2016, the Fund was 'contracted out' which means that you and Unilever paid lower National Insurance, and the Fund must meet certain requirements relating to the second level of State pension (S2P – previously known as SERPS).

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