This year the Pensions Increase is 3.1%

Pensions increase every April. The NESPF follows Local Government and Public Pension Scheme legislation which states that the Pensions Increase to be applied each April is to be based on the Consumer Prices Index (CPI) for the previous September.

So the 3.1% increase in April 2022, is based on the CPI rate from September 2021.

Will I receive the full 3.1%?

You will only receive the full 3.1% increase if:

  • you are over 55 (or under 55 but retired on ill health), and
  • your pension payments began on or before 26th April 2021

If you are under age 55 and you did not retire due to ill health, then you will receive no increase. When you turn 55, your pension will increase to the level it would have been had it increased every year since you retired.

If you started your pension after 26th April 2021 you will only get part of the increase. The table below shows the percentage increase based on the date you started your pension.

Date Pension Began Pension Increase
On or before 26 April 2021 3.10%
27 April 2021 to 26 May 2021 2.84%
27 May 2021 to 26 June 2021 2.58%
27 June 2021 to 26 July 2021 2.33%
27 July 2021 to 26 August 2021 2.07%
27 August 2021 to 26 September 2021 1.81%
27 September 2021 to 26 October 2021 1.55%
27 October 2021 to 26 November 2021 1.29%
27 November 2021 to 26 December 2021 1.03%
27 December 2021 to 26 January 2022 0.78%
27 January 2022 to 26 February 2022 0.52%
27 February 2022 to 26 March 2022 0.26%

When will my pension increase?

The increase is applied on 11th April 2022. As this is part way through the month, only part of your pension will increase. From May onwards, your monthly pension will include the full increase. A payslip is issued to you in April confirming your new pension amount. If it has increased by 50p or more per month, you will also receive a payslip in May showing your new full monthly payment.

Negative or zero inflation?

If the cost of living is negative or zero your pension will not increase that year. Instead its value will remain the same.

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