Civil Service payrise - pensions ?

50Twuncle

Tom99 wrote: »

Civil service pensioners have had CPI linked increases anyway so generally above the rate of pay increase for those still employed. A total of +19% since April 2011 for example.

a few years ago - my pension increase was 0%....
Also - with being based on CPI - rather than true RPI - We fall further and further behind true inflation

Dazed_and_confused

But at least you're not falling as far behind as current civil servants seem to be.

Tom99

50Twuncle wrote: »

a few years ago - my pension increase was 0%....
Also - with being based on CPI - rather than true RPI - We fall further and further behind true inflation

Yes in April 2016 it was 0% but in April 2012 it was 5.2%.
Since April 2011 CPI increase has been 19% but and RPI one would be 23%

50Twuncle

Tom99 wrote: »

Yes in April 2016 it was 0% but in April 2012 it was 5.2%.
Since April 2011 CPI increase has been 19% but and RPI one would be 23%

Right - so in 8 years =my pension has fallen behind the COL by 4%

hyubh

50Twuncle wrote: »

a few years ago - my pension increase was 0%....
Also - with being based on CPI - rather than true RPI - We fall further and further behind true inflation

The year you are referring to, RPI was negative.

50Twuncle wrote: »

Right - so in 8 years =my pension has fallen behind the COL by 4%

And if you were in a private sector DB scheme, increases on post-97 would likely be capped not uncapped CPI, and those on pre-97 service potentially purely discretionary beyond any GMP.

Marcon

50Twuncle wrote: »

I was retired at age 46 on an un-enhanced ill health pension with 29 years service.....

You say 'unenhanced' - was your pension reduced for early retirement? I suspect not, which is a massive enhancement!

50Twuncle

Marcon wrote: »

You say 'unenhanced' - was your pension reduced for early retirement? I suspect not, which is a massive enhancement!

My situation is pretty unique - I left the civil service, 4 years pre medical retirement at age 46 - TUPEd to a private company - I was made redundant, my health deteriorated and I took medical retirement from my previous department on a retrospective, deferred and also preserved basis.
Luckily this was a classic pension - pre neuvos !
I was knocked back a fair bit due to this - but was extremely luck to get accepted for it !!
In theory, I should have had my 25 years made up to 40 years - but it wasn't
I also receive a small ill health pension from my final employer (which was reduced considerably)