Annual Pension Payment Increase

[mikey13xm]

When in receipt of your pension, am I right in thinking it can increase every year and if so what criteria is used.

[RobertT]

Assuming you're talking about NRA60 and NRA65 benefits via the RMSPS and RMPP, then pensions will increase by either CPI for section A/B or RPI for section C.

Increases are applied in April, but the figures used are from the previous September.

[mikey13xm]

Thanks for your prompt reply, you're right in your assumptions, I believe I'm in section C, service from 1997 to 2020, the last increase I received was April 2019, wasn't sure if this was right.

[fly-catchers]

The increase for Section C pension this year is 1.1% paid partly in April and fully from May.

[mikey13xm]

Thanks, just out of interest, what's the increase for sections A and B

[vmaxv4]

Thanks, just out of interest, what's the increase for sections A and B

https://www.ons.gov.uk/economy/inflatio ... tember2020

0.7%

[mikey13xm]

Thank you, you've been very helpful

[FAB]

Thanks, just out of interest, what's the increase for sections A and B

It is 0.5% for A/B. As the increase is taken from September the previous year.

[vmaxv4]

Thank you, you've been very helpful

Edited the screenshot as I thought it wasn’t showing the complete information from where I obtained it from.
https://www.ons.gov.uk/economy/inflatio ... tember2020