North Yorkshire Pension Fund

Increasing Your Pension

Pensions Increase is 0.5% this year from 12 April 2021

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 12 April 2021. For those eligible to an increase of more than £5 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 27 April 2020 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
On or before 27 April 2020 0.50%
28 April 2020 to 27 May 2020 0.46%
28 May 2020 to 27 June 2020 0.42%
28 June 2020 to 27 July 2020 0.38%
28 July 2020 to 27 August 2020 0.33%
28 August 2020 to 27 September 2020 0.29%
28 September 2020 to 27 October 2020 0.25%
28 October 2020 to 27 November 2020 0.21%
28 November 2020 to 27 December 2020 0.17%
28 December 2020 to 27 January 2021 0.13%
28 January 2021 to 27 February 2021 0.08%
28 February 2021 to 27 March 2021 0.04%