Deferred News

The following section provides key news topics relevant for deferred members. 

 

Pensions Increase 2017

The Government has approved the rate of increase for all public service pensions. The increase is effective from 10 April 2017 and is 1.00%.

The increase is set by reference to the Consumer Price Index in September 2016. It does not reflect the performance of the Pension Fund and we do not have the power to pay an additional increase.


Contribution Bands from 1 April 2017

The following table displays the 2017/18 bands

If your pay is:

Main section

50/50 section

Up to £13,700.99

5.50%

2.75%

£13,701 to £21,400.99

5.80%

2.90%

£21,401 to £34,700.99

6.50%

3.25%

£34,701 to £43,900.99

6.80%

3.40%

£43,901 to £61,300.99

8.50%

4.25%

£61,301 to £86,800.99

9.90%

4.95%

£86,801 to £102,200.99

10.50%

5.25%

£102,201 to £153,300.99

11.40%

5.70%

£153,301 or more

12.50%

6.25%