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Why such a tiny pension increase ?
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grahamashurst
- Posts: 1
- Joined: 24 Mar 2014, 14:56
- Gender: Male
Why such a tiny pension increase ?
I received a letter this morning from the Royal Mail Pension Scheme Chesterfield. My pension has increased from £133.59 gross per month last year to just £134.20 this year, that's about 0.50 % !! I thought we were due 2.7% ( group A & B ) I'm at a complete loss to understand it. I wonder if they have made an error. I will contact them Monday. Anyone any ideas ?
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baldrick
- EX ROYAL MAIL
- Posts: 5038
- Joined: 13 Sep 2007, 23:37
- Gender: Male
Re: Why such a tiny pension increase ?
Just got home and my pension increase letter has arrived and it is exactly 2.7%. I would think that all the pension increases are issued by a computer, so don't understand why yours should be less, so you should ring the Pension Service Centre to query it.