Public sector payrise

Andy_L

drummersdale said:

If the “independent” review body recommend more than 2% I would be flabbergasted 

AIUI the CS (as opposed to, eg NHS or Military) doesn't have an independent pay review body

[Deleted User]

Silvertabby said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Your increase has already been announced - 3.1% from next April.

OK Thanks - hadn't realised

Flugelhorn

Deleted_User said:

Silvertabby said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Your increase has already been announced - 3.1% from next April.

OK Thanks - hadn't realised

I did - up early on the day to check the CPI! 

drummersdale

Andy_L said:

drummersdale said:

If the “independent” review body recommend more than 2% I would be flabbergasted 

AIUI the CS (as opposed to, eg NHS or Military) doesn't have an independent pay review body

@Andy_L ahh well back to the 1% then!

NedS

drummersdale said:

Andy_L said:

drummersdale said:

If the “independent” review body recommend more than 2% I would be flabbergasted 

AIUI the CS (as opposed to, eg NHS or Military) doesn't have an independent pay review body

@Andy_L ahh well back to the 1% then!

2% would be strike action, 1% would be rioting in the streets!

At least the accrued pension benefits will increase by 3.1% as those are not linked to final salary which is going backwards in real terms, which is probably more important for me given proximity to retirement (the pension will hopefully be in payment for far more years than the salary)

[Deleted User]

Flugelhorn said:

Deleted_User said:

Silvertabby said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Your increase has already been announced - 3.1% from next April.

OK Thanks - hadn't realised

I did - up early on the day to check the CPI! 

Where exactly is 3.1% quoted for CSP? 
Mycsp doesn't appear to mention 2022 yet!
State pension rise for next year is 3. 1%

sevenhills

NedS said:

2% would be strike action, 1% would be rioting in the streets!

At least the accrued pension benefits will increase by 3.1% as those are not linked to final salary which is going backwards in real terms, which is probably more important for me given proximity to retirement (the pension will hopefully be in payment for far more years than the salary)

We have been offered 2.75% for the lowest-paid and 1.75% for everyone else.

All this talk of a pay freeze is confusing and misleading, fake news?

https://www.unison.org.uk/our-campaigns/fair-pay-now-council-school-workers/

The pay boost for Cityclean staff and other workers will add at least £2.5m to the council's annual wage bill.

https://www.bbc.co.uk/news/uk-england-sussex-58978076

MX5huggy

Deleted_User said:

Flugelhorn said:

Deleted_User said:

Silvertabby said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Your increase has already been announced - 3.1% from next April.

OK Thanks - hadn't realised

I did - up early on the day to check the CPI! 

Where exactly is 3.1% quoted for CSP? 
Mycsp doesn't appear to mention 2022 yet!
State pension rise for next year is 3. 1%

No they will be waiting for the official Treasury Orders this year it was issued in January for April. https://www.civilservicepensionscheme.org.uk/members/annual-review-of-pensions-in-payment/
but The September inflation figure is used. 

[Deleted User]

MX5huggy said:

Deleted_User said:

Flugelhorn said:

Deleted_User said:

Silvertabby said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Your increase has already been announced - 3.1% from next April.

OK Thanks - hadn't realised

I did - up early on the day to check the CPI! 

Where exactly is 3.1% quoted for CSP? 
Mycsp doesn't appear to mention 2022 yet!
State pension rise for next year is 3. 1%

No they will be waiting for the official Treasury Orders this year it was issued in January for April. https://www.civilservicepensionscheme.org.uk/members/annual-review-of-pensions-in-payment/
but The September inflation figure is used. 

OK thanks

Shame they have to use CPI - RPI is 4.8%

westv

drummersdale said:

Andy_L said:

drummersdale said:

If the “independent” review body recommend more than 2% I would be flabbergasted 

AIUI the CS (as opposed to, eg NHS or Military) doesn't have an independent pay review body

@Andy_L ahh well back to the 1% then!

1% is what my wife expects too.