Increases to your pension
LGPS pensions are eligible for an inflation increase each April.
- The pension increase for 2024 will be based on 6.7%
- The pension increase for 2023 will be based on 10.1%.
- The pension increase for 2022 was based on 3.1%.
- The pension increase for 2021 was based on 0.5%.
- The pension increase for 2020 was based on 1.7%.
- The pension increase for 2019 was based on 2.4%.
- The pension increase for 2018 was based on 3.0%.
- The pension increase for 2017 was based on 1.0%
There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. LGPS pensions did not go down from April 2016 despite the UK being in deflation.
The previous few years' increases were based on:
- 1.2% in 2015
- 2.7% in 2014
- 2.2% in 2013
- 5.2% in 2012
- 3.1% in 2011