Pensions Increase 2017

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 10 April 2017 and is 1.00%.

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                

27 March - 25 April 2016  1.0100
26 April - 25 May 2016  1.0092
26 May - 25 June 2016  1.0083
26 June - 25 July 2016  1.0075
26 July - 25 August 2016  1.0067
26 August - 25 September 2016  1.0058
26 September - 25 October 2016  1.0050
26 October - 25 November 2016  1.0042
26 November - 25 December 2016  1.0033
26 December - 25 January 2017  1.0025
26 January - 25 February 2017  1.0017
26 February - 25 March 2017  1.0008

 

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

 

Pension Pay Days

Pension Pay Days 2017-18

 

Month

Payment Date

April 2017

27 April 2017

May 2017

25 May 2017

June 2017

29 June 2017

July 2017

27 July 2017

August 2017

31 August 2017

September 2017

28 September 2017

October 2017

26 October 2017

November 2017

30 November 2017

December 2017

21 December 2017

January 2018

25 January 2018

February 2018

22 February 2018

March 2018

29 March 2018