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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:
Pensions paid for a year rose by 3% from 9 April 2018.
Rates of pensions increase for the 10 years to 2017 are: