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2018 Pension Increase?
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andyP
- Posts: 10
- Joined: 20 Apr 2012, 23:02
- Gender: Male
2018 Pension Increase?
Hi, is there any indication of the pay increase in our pension for 2018 yet?
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FAB
- Posts: 234
- Joined: 06 May 2017, 22:57
- Gender: Male
2018 Pension Increase?
No and I think that's why RM would prefer a one off payment and not an actual increase that is pensionable!andyP wrote:Hi, is there any indication of the pay increase in our pension for 2018 yet?
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
2018 Pension Increase?
I assume you mean that you’re receiving your pension and you want to know how much it will increase from April 2018?andyP wrote:Hi, is there any indication of the pay increase in our pension for 2018 yet?
Inflation figures for September of the previous year are used to determine how much any increase will be.
If you’re in Section C it will increase by RPI and for Section A/B it will be CPI.
Google tells me that September 2017 figures were 3.9% for RPI and 3.0% for CPI.
Links to all RM pension related websites are here