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Home > News & Updates > How much will my pension increase by in 2025?
How much will my pension increase by in 2025?
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How much will my pension increase by in 2025?

How much will my pension increase by in 2025?

Pensions payable from the Scheme are reviewed in April each year. The amount they are increased by is based on the Retail Prices Index (RPI) for the 12 months up to the previous September, in accordance with the Rules of the Scheme.

This year the headline annual pension increase will be 2.7%. This increase will take effect from Monday 7 April 2025. The same rate applies to both pensions already in payment and deferred pensions. Pensioner members will receive a personalised letter closer to the April 2025 payday, explaining exactly how much their pension will increase.

Why you may not receive the full increase

  • If your pension has been in payment for less than 12 months – the increase will be applied on a pro-rata basis (that is, in proportion to how long your pension has been paid).
  • If you have a Guaranteed Minimum Pension (GMP) – men over age 65 or women over age 60 might have a pension that includes a GMP, which has different rules for increases.