Deferred News

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

 

Pensions Increase 2018

The Government has approved the rate of increase for all public service pensions. The increase is effective from 9 April 2018 and is 3.00%.

The increase is set by reference to the Consumer Price Index in September 2017. 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 2018

The following table displays the 2018/19 bands

If your pay is:

Main section

50/50 section

Up to £14,100

5.50%

2.75%

£14,101 to £22,000

5.80%

2.90%

£22,001 to £35,700

6.50%

3.25%

£35,701 to £45,200

6.80%

3.40%

£45,201 to £63,100

8.50%

4.25%

£63,101 to £89,400

9.90%

4.95%

£89,401 to £105,200

10.50%

5.25%

£105,201 to £157,800

11.40%

5.70%

£157,801 or more

12.50%

6.25%