Public service pensions are increased each year to reflect the rises in the cost of living. This is sometimes called inflation proofing or index linking.
The Local Government Pension Scheme (LGPS) offers full index linking to pension benefits. There is no upper limit or capping on the amount by which benefits will be increased in times of high inflation.
Pensions Increase is normally paid to:
- pensioners who are aged 55 or over
- pensioners who have retired for the reason of permanent ill health at any age
- spouses and dependants of former pensioners
Pensions paid for a year rose by 3% from 9 April 2018.
Rates of pensions increase for the 10 years to 2017 are:
- 07 April 2008 - 3.9%
- 06 April 2009 - 5.0%
- 12 April 2010 - 0.0%
- 11 April 2011 - 3.1%
- 09 April 2012 - 5.2%
- 08 April 2013 - 2.2%
- 07 April 2014 - 2.7%
- 06 April 2015 - 1.2%
- 11 April 2016 - 0.0%
- 10 April 2017 - 1.0%
Read about the pension increase
