HM Treasury have set the increase in public service pensions, based on the rate of Consumer Price Index (CPI) in September 2023.
This year, the increase is effective from 8 April 2024.
If you are under 55: your pension will not normally be reviewed before your 55th birthday, except for:
- some instances of ill-health retirements or
- dependant's pensions.
If you are over the age of 55: your pension will increase by 6.7%.
However, if you left the scheme towards the end of April 2023 or later, you may receive only part of the full pension increase in your first year of retirement, You can find details of part year increases on our website.
Note: if you:
- reached SPA before 6 April 2016, and
- are entitled to the state pension,
the payment of your increase may be split between your LGPS pension and state pension.