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Final Salary Scheme Annual Increase
[Deleted User]
Posts: 0 Newbie
My pension scheme rules state that the GMP element of my pension will be increased up to 3% (depending on inflation) within the scheme and anything over this will be provided with my state pension. Can anyone explain how this happens please. My state pension consists only of the basic pension plus graduated pension earned way back in the 60's. Should I be getting something else now that inflation has been over 3% (whether RPI or CPI) for some time.
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