Police Pension Rise of 2.4% and State Pension of 2.6%
The annual rise in the Consumer Price Index (as at 30th September) was 2.4% and the Police Pension will rise by that amount from the 6th April 2019. However the state pensions will benefit from the ‘Triple Lock’ which allows our pensions to rise by CPI, Average Earnings or 2.5%, whichever is the highest. Average earnings increased by 2.6% (by 31st July) and this should be the figure used by the Government when determining the increase from April 2019.
The indexed linked Police Pension increase will take effect on the 6th April 2019 and will be paid on the 1st May 2019 with any April payment included.
We have been asked to inform members not to ring into Pension to obtain individual calculations or tax codes they will not be able to provide such information.