2014 Pension increase factor

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Pay and pensions
20 February 2017
The Pensions Increase (Review) Order 2014, enacting a 2.7% increase to the TPS and LGPS, was passed in March 2014. It means pensioners whose pensions were last increased on 8 April 2013 and pensioners whose pensions began on or before 22 April 2013 received an increase of 2.7% from 7 April 2014, in line with the increase in the Consumer Prices Index (CPI).

Those pensioners who retired on or after 23 April 2013 received a proportionate increase based on CPI - see below for a table showing all the increases payable.

Pensions increases for 2014-15:

Pension beginning date Percentage increase
On or before 22 April 2013 2.70%
23 April 2013 to 22 May 2013 2.48%
23 May 2013 to 22 June 2013 2.25%
23 June 2013 to 22 July 2013 2.03%
23 July 2013 to 22 August 2013 1.80%
23 August 2013 to 22 September 2013 1.58%
23 September 2013 to 22 October 2013 1.35%
23 October 2013 to 22 November 2013 1.13%
23 November 2013 to 22 December 2013 0.90%
23 December 2013 to 22 January 2014 0.68%
23 January 2014 to 22 February 2014 0.45%
23 February 2014 to 22 March 2014 0.23%
23 March 2014 onwards Nil