Scheme information

Pension increases

Once in payment your pension will be reviewed each year as follows: 

Retirement income earned up to 30 June 2010
Will receive annual increases in line with price inflation* up to a maximum of 5%.

Retirement income earned from 1 July 2010
Will increase in line with price inflation* up to a maximum of 2.5% each year. 

* With effect from 1 April 2018 the measure for price inflation will be the Consumer Prices Index (‘CPI’) rather than the current measure of the Retail Prices Index (‘RPI’).