2016 Annual Pension Review
No increase to pensions in payment in April 2016
The Treasury has confirmed that no increase will be applied to Civil Service Pensions in payment this year.
Pensions in payment are reviewed annually in line with Treasury Orders. This review is called the annual Pension Increase (or PI) and takes effect on the Monday following 6 April each year.
The Treasury Order takes account of the previous September’s Consumer Prices Index (CPI) figure to determine what the adjustment will be.
As CPI at September 2015 was negative, the Treasury Order has confirmed that no increase will be applied to Civil Service Pensions in payment this year.
Your annual Pensioner newsletter, Pension News contains more information about your Civil Service Pension, and is now available to view here. You will also receive a printed copy in the post by the end of May.
There are also some guides available to explain the different parts of your P60 and payslip. You can view these below.