Section C: RPI or CPI

[Hubbard]

I’m trying to understand whether my deferred pension should increase by RPI or CPI each year (i.e. annual increases between leaving Royal Mail and receiving my pension).
I’m a Section C member and I left Royal Mail in 2009. I’m not yet 60, so not yet receiving my pension. The pension leaflet I was given when I left RM very clearly said that my deferred pension would rise by RPI each year before I started receiving it at 60. However, my annual pension statement says it rises by CPI. I’m pursuing this with Capita but I’m not getting anywhere fast.
Does anyone know for sure please whether it should be RPI or CPI? If it’s CPI was the leaflet wrong or has something changed since 2009?
Thanks.

[fly-catchers]

If the Section C pension is deferred and you have left RM it changes to CPI. It only stays at RPI while still working there. Once your pension is being paid it will revert to RPI again. However, it is likely that the Government is planning on scraping RPI in the next few years in which case our pensions will go up by CPIH! The lowest index of all of them!

[Hubbard]

Thanks for your reply. I’ve attached a photo of the leaflet that told me it would be RPI. Did that get changed without me realising perhaps? I think the 2012 transfer of pension liabilities changed some things for active members but not for deferred members. At least that’s what I think the document on the RMSPS website says (see link below), but I’m not a lawyer so I can barely understand a word of it. https://www.royalmailsps.co.uk/~/media/ ... _final.pdf

8821C781-FB49-46AC-9B7E-D50D18EAE826.jpeg

[NorthernBoy]

Yes it’s cpi, but limited to 5% max.