Pension Increase Yearly Increase Table

The pension increase from 8 April 2024 is 6.7%

Your LGPS pension changes each April in line with the Consumer Price Index (CPI).

The percentage increase is set by HM Treasury under the Pension (Increase) act 1971 and is based on the CPI over the 12 months to the previous September. HM Treasury issue a Pension Increase (Review) Order confirming the percentage. The Council have no powers to increase pensions beyond HM Treasury orders. 

the pensions increase is payable from the first Monday following the 6 April, if the 6th is not the the first Monday. 

The change to your pension is detailed on your April payslip. It is posted to your home address at the end of April. 

The table details the percentage increase in previous years. 

Pension increase yearly table. 

       Year Date Payable from   Percentage 
        2024            8 April 2024             6.7%
        2023          10 April 2023           10.1%
        2022           11 April 2022              3.1%
        2021           12 April 2021              0.5%
        2020           06 April 2020              1.7%
        2019           08 April 2019              2.4%
        2018           09 April 2018              3.0%
        2017           10 April 2017               1.0%
        2016                 April 2016               0.0%
        2015           06 April 2015              1.2%
        2014           07 April 2014              2.7%
        2013           08 April 2013              2.2%
        2012            09 April 2012              5.2%
        2011           11 April 2011              3.1%
        2010                 April 2010              0.0%
        2009           06 April 2009              5.0%
        2008           07 April 2008              3.9%
        2007           09 April 2007              3.6%
        2006           10 April 2006              2.7%
        2005           11 April 2005              3.1%
        2004           12 April 2004              2.8%
        2003           07 April 2003                   1.7%
        2002           08 April 2002              1.7% 
        2001           09 April 2001              3.3%
        2000           10 April 2000              1.1%

Pension Increase Letter 2024

Please find a copy of the Pension increase letter 2024 (PDF 128KB) sent out to all pensioners advising them of the above table, and additional information that may be of assistance to them.