cspa-logo-transparent-bg-WEB

5 April 2023

Pensions to increase by 10.1% this month

Over the next week, those in receipt of a civil service and state pension will see an increase in their payments.

Civil service pensions in payment will increase by 10.1% from Easter Monday 10 April for all pensions that have been in payment for at least a year. Pro-rata increases apply to pensions in payment for less than a year. The increase will be paid in the next pension due after 10 April.

State Pensions will also increase by 10.1% from 6 April, for pensions in payment for at least 12 months, and paid in arrears from the next scheduled pension payment date. Pro-rata increases apply to State Pensions in payment for less than 12 months.

The increases reflect the year-on-year inflation rate in September 2022 as measured by the Consumer Prices Index.

Protecting the value of the Civil Service pension which must be uprated with the cost of living
A basic state pension linked to a triple lock mechanism i.e., the best increase in inflation, average earnings or 2.5%
cspa-logo-transparent-bg-WEB

Are you a current or retired Civil Servant? Become a member of the CSPA to support our campaigning, and gain access to a wide range of benefits.

Share this post:
Facebook
Twitter
LinkedIn
WhatsApp
Email

Related Articles

Information

Pension Credit Calculator

The Department for Work and Pensions has revised down the estimated number of pensioners who are eligible for pension credit, but do not claim it. According to

Read More »