What will teachers pension increase by this year? 10% CPI?

IAMIAM

Under CARE

Troytempest

Not a clue - simple answer is to look at the scheme rules.

Andy_L

By the previous years sept CPI

Dazed_and_C0nfused

The increase to be applied this year (2022) has already been agreed at 3.1%.

The increase for next year (April 2023) would normally be based on the September 2022 CPI figure.  Expected to be in the region of 9%. 

drummersdale

A whopping great amount is my guess

Stubod

..assume it's the same as the state / nhs pension?...which is whatever the CPI is for the 12 months to Sept the previous year...so probably around 9%...'ish???

hyubh

IAMIAM said:

Under CARE

If you mean the active member revaluation rate, that will be September's annual CPI figure plus 1.6%, so the same basis as previous years.

Ibrahim5

Nothing for the workers. Everything for the pensioners.

hugheskevi

Ibrahim5 said:

Nothing for the workers. Everything for the pensioners.

In-service revaluation (ie workers) is CPI+1.6%, Pension Increase (ie pensioners) is CPI. How is that nothing for workers?

RSTime

Ibrahim5 said:

Nothing for the workers. Everything for the pensioners.

All workers (hopefully!) will become pensioners…

SouthCoastBoy

I think the next few years could highlight the massive difference between govt db, db and dc pensions
 The govt db pensions really are the gold standard when it comes to pensions.