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  • FIRST POST
    • westv
    • By westv 12th Sep 17, 1:43 PM
    • 4,350Posts
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    westv
    FAS - Pre 2009 Inflation Increases?
    • #1
    • 12th Sep 17, 1:43 PM
    FAS - Pre 2009 Inflation Increases? 12th Sep 17 at 1:43 PM
    With today's news that CPI is now 2.9%, I was just wondering when the FAS increases are calculated for pensions not yet in payment.
    I know that pre 2009 service has increases limited to 5% but is that CPI or RPI?
Page 1
    • xylophone
    • By xylophone 12th Sep 17, 2:39 PM
    • 23,400 Posts
    • 13,600 Thanks
    xylophone
    • #2
    • 12th Sep 17, 2:39 PM
    • #2
    • 12th Sep 17, 2:39 PM
    http://www.pensionprotectionfund.org.uk/FAS/howfasworks/Pages/HowFASworks.aspx

    I would imagine that in common with other pensions and benefits, revaluation would be based on changes in the CPI in the 12-month period to 30 September.
    • atrixa
    • By atrixa 14th Sep 17, 9:20 PM
    • 16 Posts
    • 13 Thanks
    atrixa
    • #3
    • 14th Sep 17, 9:20 PM
    • #3
    • 14th Sep 17, 9:20 PM
    For pensions not yet in payment, any increases are capped at 5% under FAS (currently CPI for previous May). After retirement it's the lower of CPI and 2.5%, again CPI for previous May.
    • westv
    • By westv 14th Sep 17, 10:11 PM
    • 4,350 Posts
    • 1,967 Thanks
    westv
    • #4
    • 14th Sep 17, 10:11 PM
    • #4
    • 14th Sep 17, 10:11 PM
    After retirement it's the lower of CPI and 2.5%, again CPI for previous May.
    Originally posted by atrixa
    Except for service prior to April 97.
    • westv
    • By westv 17th Oct 17, 12:22 PM
    • 4,350 Posts
    • 1,967 Thanks
    westv
    • #5
    • 17th Oct 17, 12:22 PM
    • #5
    • 17th Oct 17, 12:22 PM
    So a 3% increase this year then?
    • Silvertabby
    • By Silvertabby 17th Oct 17, 12:41 PM
    • 1,782 Posts
    • 2,175 Thanks
    Silvertabby
    • #6
    • 17th Oct 17, 12:41 PM
    • #6
    • 17th Oct 17, 12:41 PM
    So a 3% increase this year then? Posted by westv
    Yes. I hope all the people who made such a drama about wanting 2.5% before the general election do the decent thing and donate the extra .5% to charity.
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