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Your pensions increase

Introduction
Each year we increase our pensions in line with the increase in the RPI (retail prices index). The increase applies to you whether you are a retired member, or one of their dependants. The only exception is if you are a retired member under age 55, and you didn’t retire through ill health.
Your pensions increase
The rate of pensions increase last time is: 3.9%

If you haven’t been on pension a full year, then you won’t get a full year’s increase. For example, if you retired last September, you get half a year’s increase which is 1.8%. This table gives full details.

Date pension began

Increase

9 April ‘07 - 22 April '07

3.90%

23 April ‘07 - 22 May ‘07

3.58%

23 May ‘07 - 22 June ’07

3.25%

23 June ‘07 - 22 July ‘07

2.93%

23 July ‘07 - 22 Aug ‘07

2.60%

23 Aug ‘07 - 22 Sep ‘07

2.28%

23 Sep ‘07 - 22 Oct ‘07

1.95%

23 Oct ‘07 - 22 Nov ‘07

1.63%

23 Nov ‘07 - 22 Dec ‘07

1.30%

23 Dec ‘08 - 22 Jan ‘08

0.98%

23 Jan ‘08 - 22 Feb ‘08

0.65%

23 Feb ‘08 - 22 Mar ‘08

0.33%

Who pays the increase?

That probably seems a silly question! But if you were a member before 6 April 1997 and have reached State pension age, your pension from us includes something called a Guaranteed Minimum Pension (GMP). If so, the Department for Work & Pensions may have to pay some or all of the increase on this part of your pension from us. They will pay it together with your State pension.

* More about pensions increases in general

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Pensions Office, Concord Suite, Manchester Road, Droylsden , M43 6SF Helpline: 0161 301 7000 Email Us: mail@gmpf.org.uk