AA Pension Scheme
Scheme information

Pension increases

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

For pension benefits built up before 23 September 1999

Your pension (above your GMP) increases each year on 1 April (or such other date as the Trustee and the Principal employer agree) in line with inflation (as measured by the Retail Prices Index, over the 12 months ending on the previous 30 September). 

For pension benefits built up between 23 September 1999 and 30 June 2010

Your pension increases each year on 1 April (or such other date as the Trustee and the Principal employer agree) in line with inflation (as measured by the Retail Prices Index, over the 12 months ending on the previous 30 September) up to a maximum of 5%. 

For pension benefits built up on or after 1 July 2010

Your pension increases each year on 1 April (or such other date as the Trustee and the Principal employer agree) in line with inflation (as measured by the Retail Prices Index, over the 12 months ending on the previous 30 September) up to a maximum of 2.5%. 

Guaranteed Minimum Pension (GMP)

The GMP element of your pension will be subject to statutory increases, the exact basis differs depending upon when you left ‘Active’ Status, when your pension commenced and your age.