Guidance

Indexation of public service pensions

Latest guidance for the indexation of public service pensions, with the updated direction on indexation of the Guaranteed Minimum Pension.

• From: HM Treasury
• Published: 7 April 2016
• Last updated: 1 April 2021 — See all updates

Documents

Guidance on the operation of pensions increase legislation for public service pension schemes

Ref: PU1941

PDF, 746 KB, 67 pages

Treasury Direction under section 59A Social Security Pensions Act 1975

PDF, 131 KB, 6 pages

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Details

HM Treasury is now issuing an updated direction under Section 59A of the Social Security Pensions Act 1975. The direction continues existing indexation provisions and, as a result of HM Treasury’s 2020 consultation on GMP indexation, extends the arrangements to cover those members of public service pension schemes reaching State Pension age from 6 April 2021.

Published 7 April 2016
Last updated 1 April 2021 + show all updates

1. 1 April 2021

   Treasury Direction under section 59A Social Security Pensions Act 1975 updated

2. 4 December 2018

   Updated page summary.

3. 4 December 2018

   Updated 'Treasury Direction under section 59A Social Security Pensions Act 1975'.

4. 6 May 2016

   technical update to explanatory note to change references to 'retail prices' to 'prices'

5. 7 April 2016

   First published.