The Pensions Increase to be applied to pensions in payment will be 3.1% for 2022. This will take effect from 11 April.

The revaluation to be applied to benefits that are accruing in the career average scheme is 4.7% for active members and 3.1% for deferred members.

The Pensions Increase is also used to revise other elements of the Scheme including maximum extra pension, restricted salary and maximum earnings for someone in receipt of a child’s pension.

Using this information, we’ve amended our Updates page on our website.