News

This section provides news for members of the scheme.

Brexit

We are aware that Brexit has created a huge degree of uncertainty for people. Your entitlement is set out under law and is not linked to market returns; we do not envisage any problems in continuing to make payments to pensioners living overseas.



Changes to Survivor Benefits

Scheme Improvement for Dependants

Following a recent Supreme Court judgement, the Home Office have issued amendment regulations that will provide benefits to surviving civil partners and surviving spouses of same-sex marriages that are equal to the benefits that would have been provided had the member been male and the survivor been female. The amendment will have effect back to 5 December 2005 for civil partnership cases and back to 13 March 2014 for same-sex marriage cases.

We will review any past cases and pay improved benefits if appropriate.



Pensions Increase 2019

Both deferred and pensioner members receive an annual cost of living award applied to their pensions. This ensures they keep up with the cost of living.  

The Government has approved the rate of increase for all public service pensions. The increase is effective from 8 April 2019 and is 2.4%.

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

 
If you have retired throughout the year you will receive a slightly lower pro rata rate:  

 

Pensions Beginning
 

 Increase                

6 April 2018 - 23 April 2018  2.4%
24 April 2018 - 23 May 2018  2.2%
24 May 2018 - 23 June 2018  2%
24 June 2018 - 23 July 2018  1.8%
24 July 2018 - 23 August 2018  1.6%
24 August 2018 - 23 September 2018  1.4%
24 September 2018 - 23 October 2018  1.2%
24 October 2018 - 23 November 2018  1%
24 November 2018 - 23 December 2018  0.8%
24 December 2018 - 23 January 2019  0.6% 
24 January 2019 - 23 February 2019  0.4%
24 February 2019 - 23 March 2019  0.2%

 Where the value of your pension payment is relatively low, you may wish to arrange to have this paid on a quarterly basis to avoid unnecessary charges. If you would like to discuss this please contact us



Pay Days 2019-20

 

Month

Payment Date

April 2019

25 April 2019

May 2019

30 May 2019

June 2019

27 June 2019

July 2019

25 July 2019

August 2019

29 August 2019

September 2019

26 September 2019

October 2018

31 October 2019

November 2019

28 November 2019

December 2019

19 December 2019*

January 2020

30 January 2020

February 2020

27 February 2020

March 2020

26 March 2020

* Please note pensions are paid early in December due to the Christmas period.