Frequently Asked Questions

Answer:
We will increase your Annual Pension each April so that it keeps pace with the cost of living. Currently the amount of Pensions Increase is based upon what the Government says consumer prices have increased by in the 12 month period up to the end of the previous September.
Answer:

All Annual Pensions receive Pensions Increase, except those awarded due to redundancy, efficiency, flexible retirement or approved for payment by an employer where the person in receipt of the pension is over age 50 but under 55. If your pension was awarded due to any of these reasons the accumulated effect of the increases awarded since you retired will be added to the pension when you reach age 55. After age 55, your pension will be increased each year.

In some special circumstances (i.e. where there is a dependent who is wholly or mainly supported by you and who is either under 17 or is in full time education or training), your pension can be increased before the age of 55. However, in the case of a woman, only the fraction of her pension earned in respect of membership before 1 January 1993 will be increased and in the case of a man only that fraction of his pension earned in respect of membership between 17 May 1990 and 31 December 1992 will be increased.

Answer:

If you retire before State Retirement Age and your pension is in payment you will receive the increase in full. However, your first increase will be apportioned according to the number of months your pension has been in payment since the previous increase. When you reach State Pension Age or you are retiring at or after State Pension Age and you have pensionable service before 6 April 1997 your increase may be calculated in two parts and paid from two sources.

The State Pension Scheme pays an increase related to your Guaranteed Minimum Pension with your state pension. This means that the Local Government Pension Scheme will pay an increase on the balance of your Pension (i.e. your Pension less your Guaranteed Minimum Pension).

The Local Government Pension Scheme is responsible for paying up to 3% of the increase to that part of your Guaranteed Minimum Pension that relates to any of your service after 5 April 1988.

This is rather complicated but it should be noted that the total increase you will get from both sources will be the same as if the Local Government Pension Scheme had paid all of it.

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