LGPS pensions will increase in line with the Consumer Prices Index from April 2011.
Prior to then they increased every April provided that the Retail Prices Index has increased over the 12 months to the previous 30 September.
Any increases also apply to widow’s, widower’s, or civil partner’s pensions, as well as children’s pensions.
The Chief Secretary to the Treasury has announced that Public Sector pensions will increase by 5.2% with effect from 9th April 2012.
The last few years’ increases (in %) are as follows:
Apr-11 3.1
Apr-10 0.0
Apr-09 5.0
Apr-08 3.9
Apr-07 3.6
Apr-06 2.7
Apr-05 3.1
Apr-04 2.8
Apr-03 1.7
Apr-02 1.7
Apr-01 3.3
Apr-00 1.1
If you’ve only just started getting your pension, your first increase will be a proportion of the full increase.
Where the increase is paid from
When you reach state pension age, the increase in your pension is shared between two sources.
Some of the increase is in your state pension and some is in your local government pension.
What if you retired early?
Before you’re 55, unless you retired on health grounds:
- your pension won’t increase - it will be paid at a flat rate.
After 55:
- Your pension will go up to the amount it would have been if it had been increasing.
- Your pension will continue to increase yearly.
More information
A Guide to the Local Government Pension Scheme has full details of the LGPS. If you would rather receive a copy by post, contact us.
You can also download the notes of guidance for pensioners document, which outlines how your pension is paid and how to look after it now you’re retired.