Civil Service Alpha Deferred Pension Increase

miscalculated

I am a deferred member of alpha, still working age. How does the pension increase work in the first year after leaving service? I left in December 2024 and expected my preserved pension to be increased in April by 1.7%. However, looking at my benefit statement it seems my pension was increased by less than this amount.

I was aware that in the first April after you receive your pension you get a pro-rated increase if you left part-way through the year. Does this also apply to deferred members?

hyubh

miscalculated said:

I am a deferred member of alpha, still working age. How does the pension increase work in the first year after leaving service? I left in December 2024 and expected my preserved pension to be increased in April by 1.7%. However, looking at my benefit statement it seems my pension was increased by less than this amount.

I was aware that in the first April after you receive your pension you get a pro-rated increase if you left part-way through the year. Does this also apply to deferred members?

Yes - the part year pro-rating you refer to is for the first pension increase, whether deferred or in payment.

miscalculated

Ah I was hoping that wouldn't be the case, but good to know my pension is correct, thanks.

Seems a bit rubbish though if I understand it correctly - if you leave in April you'll get that year's full increase for being an active member, plus the following year's full increase, whereas leaving in any other month would get you a pro-rated increase for the following April. Leaving in March seems particularly harsh as you'd get hardly any increase in April, but if you'd just waited a month you'd get the full increase.