Pension Increase - July 2025
Pension increases in July 2025 were the maximum permitted under the Scheme Rules as follows:-
Pension element (based on date earned)
|
Increase
|
*Pre
97 Non-increasing Converted Benefit
|
0%
|
*Pre
97 Increasing Converted Benefit (March CPI capped at 3%)
|
2.6%
|
Pre
97 Excess (March RPI)
|
3.2%
|
Post
97 Pre 05 (March RPI)
|
3.2%
|
Post
05 (March RPI)
|
3.2%
|
* The increase entitlement was not changed during the
conversion process.
Pension elements which do not have an entitlement to increases in payment will not have increased.
The ability of the Scheme to pay pension increases above statutory minimums is assessed annually by the Scheme Actuary.