North Yorkshire Pension Fund

Increasing Your Pension

Pensions Increase is 2.4% this year from 8 April 2019

How is the increase calculated?

The Pensions Increase (Review) Order, which is issued each year by central government, tells all public sector pension schemes (of which the Local Government Pension Scheme is one) of the increase that should be applied to pension benefits. The annual increase reflects the rise in the cost of living and is in line with the Consumer Price Index (CPI) measure of price inflation recorded in the previous September.

Who is eligible for the increase?

When will we notify you about the increase?

Your payslip for April will include the increase in your pension (where applicable) from 8 April 2019. For those eligible to an increase of more than £1 a month a further payslip will be sent in May to show the increased pension for a full month.

Am I entitled to the full increase?

If your pension began on or before 23 April 2018 you are entitled to receive the full increase. If your pension began after this date, a smaller increase applies as shown in the table below:

Pension Begins Increase
9 April 2018 to 23 April 2018 2.40%
24 April 2018 to 23 May 2018 2.20%
24 May 2018 to 23 June 2018 2.00%
24 June 2018 to 23 July 2018 1.80%
24 July 2018 to 23 August 2018 1.60%
24 August 2018 to 23 September 2018 1.40%
24 September 2018 to 23 October 2018 1.20%
24 October 2018 to 23 November 2018 1.00%
24 November 2018 to 23 December 2018 0.80%
24 December 2018 to 23 January 2019 0.60%
24 January 2019 to 23 February 2019 0.40%
24 February 2019 to 23 March 2019 0.20%