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RMSPS annual increase

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
vaughanwillmore
Posts: 7
Joined: 03 Oct 2021, 07:39
Gender: Male

RMSPS annual increase

Post by vaughanwillmore »

Hello, I took early retirement three years ago but I still haven’t got my head around when I should be receiving my annual increase. I did get a letter about 18 months ago saying an audit had identified they’d missed my increase and so they paid it all in one lump sum and that was sorted. Anyone know when the annual increase should be paid please?
RobertT
EX ROYAL MAIL
Posts: 6642
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: RMSPS annual increase

Post by RobertT »

April, and based on inflation figures from the previous September.

Section A/B will be CPI and section C is RPI.
Links to all RM pension related websites are here
robking
Posts: 236
Joined: 19 Dec 2020, 12:14
Gender: Male

Re: RMSPS annual increase

Post by robking »

Pensions for RMPP members will increase from 1st of April.
Section A/B members will receive an increase of 1.7% based on the CPI index last September.
Section C members will receive an increase of 2.7% based on the RPI index.