2
Pensions Increase
Pension Pay Dates 4
New Look Payslips & P60 5
Annual General Meeting 2012 6
Pension Authority Member Representation8
Equitable Life
Update 9
Customer Service Excellence Review 10
New District Offices
HERE
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Parkinson’ s
UK 11
Overseas Pension
Payments 13
Electrical Fire
Warning 14
Alaska Cruise
Report 15
Competition
Winner 18
Pension
Puzzler 18
We Are Here To Help 20
Pensions Increase by 2.2 % from 8 th April 2013
Local Government pensions which have been in payment for at least a year will be increased by 2.2 % from 8 th April 2013. This increase is known as Pensions Increase and is applied to your pension each year so it keeps in pace with the cost of living.
2.2 %
The increase is derived from the Consumer Prices Index( CPI) that has measured changes in the price of consumer goods and services purchased by households for the 12 month period up to the end of September.
You will receive this increase whether you are a retired member or one of their dependants. The only exception is if you are a retired member under age 55 and did not retire on the grounds of ill health. If you fit these criteria then you will receive your first increase when you reach age 55.
April’ s payment
When you receive your payslip you will see that April’ s payment does not include the full increase. This is because the increase has not been applied until 8 th April, so you will have the first 7 days at your old rate. The payment you receive in May will be all at your new rate and will be shown on next month’ s payslip.
2.2 %
Are you receiving a State Pension?
If you were a member of the Scheme between 6 th April 1978 and 5 th April 1988, and are receiving your State Pension, you will find that the increase will not be the full 2.2 %. The reason is that the Department for Work and Pensions( DWP) are responsible for paying the increase for pension built up during this period. So please don’ t worry, you will have received all your increase, some paid with your State Pension and the rest paid by us.
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