Civil Service Pension - Classic Scheme

bigchipper

I am in the PCSPSClassic Scheme and would be grateful if anyone who is au fait with this Scheme could answer the following query (I could try asking MyCSP but I know how useful that can be!)

I understand that my finalpensionable pay will be taken to be the best 12 consecutive months pay earned in the 3years prior to the retiral date. If this period is not the last 12 calendar months, is the amount uprated by indexation (CPI)?

Thanks

hugheskevi

Yes, the amount would be revalued by CPI.

However, if the salary figure from a previous 12 month period is the same or lower than the last 12 months (eg, if you had a pay freeze) then no revaluation occurs because the test for the highest salary only looks at cash values (and chooses the most recent value in the event of identical values) and if that results in using a pension from a previous period then revaluation is applied.

So unless your pensionable salary decreased in the last few years the figure will probably not be uprated.