Pensioner Members
Increases to Local Government Pension Scheme pensions are based on Pensions Increase (Review) Orders and Guaranteed Minimum Pensions Increase Orders which are set out by HM Treasury. It has been confirmed that the increase for 2023 will be 10.1% for those who will be paid the full increase.
If you have reached your State Pension Age and have COPE/ GMP, please see our Pensions Increase Page as some of the increase may be paid through your State Pension.
Deferred Members
Increases to Local Government Pension Scheme pensions are based on Pensions Increase (Review) Orders and Guaranteed Minimum Pensions Increase Orders which are set out by HM Treasury. It has been confirmed that the increase for 2023 will be 10.1% for those who will be paid the full increase. This will be applied to your pension from 10 April 2023.
For members with benefits in payment, you will notice a partial increase in your April payment and the full increase will take effect for your pension payment in May.
Active Members
CARE pensions are adjusted based on the Treasury Revaluation Order index. It has been confirmed that the increase applied to your CARE benefits will be 10.1%.