Policy paper

Public service pensions increase: 2015

Covering note and multiplier tables for public service pensions in 2015.

• From: HM Treasury
• Published: 10 February 2015
• Last updated: 16 February 2015 — See all updates

Documents

Pensions increase 2015 covering note

MS Word Document, 23 KB

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Pensions increase 2015 multiplier tables

MS Excel Spreadsheet, 34.2 KB

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Details

The multiplier tables are produced to help scheme administrators correctly apply the annual increase to public service pensions, taking into account increases from previous years.

Public service pensions which have been in payment for a year will be increased by 1.2% from 6 April 2015 in line with the September-to-September increase in the Consumer Prices Index (CPI). Any pension which has been in payment for less than a year will be increased by a proportionate amount depending upon the number of months it has been in payment.

Published 10 February 2015
Last updated 16 February 2015 + show all updates

1. 16 February 2015

   Updated to rectify error in multiplier table

2. 10 February 2015

   First published.