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Civil Service payrise - pensions ?

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Comments

  • 50Twuncle
    50Twuncle Posts: 10,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    But at least you're not falling as far behind as current civil servants seem to be.
  • Tom99
    Tom99 Posts: 5,371 Forumite
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    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
    50Twuncle Posts: 10,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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
    hyubh Posts: 3,790 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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
    Marcon Posts: 15,771 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    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!
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • 50Twuncle
    50Twuncle Posts: 10,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 20 July 2019 at 5:17PM
    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)
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