Annual Pension Increase

Pensions increase annually on 1 January by the annual rise in the Retail Price Index measured to the previous September up to a maximum of 2.5% in respect of pension built up from 1 January 2006 and 5% in respect of pension built up before 1 January 2006.

Exceptions to this are the MKR Section where increases apply on 1 April each year and the Facsimile Section where increases apply on 1 November each year.


Main Section, Senior Section and IMI Section

Date%
1 January 2016 0.8
1 January 2015 2.3
1 January 2014 3.2

MKR Scheme Members

Date%
1 April 2016 0.8
1 April 2015 2.3
1 April 2014 3.2

Facsimile Section -increased in line with inflation for the previous July

Date%
1 November 2015 1.0
1 November 2014 2.5
1 November 2013 3.1