Policy paper

Public service pensions increase: 2021

Covering note and multiplier tables for public service pensions in 2021.

• From: HM Treasury
• Published: 12 January 2021

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Note by HM Treasury 2021 pensions increase multiplier tables

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Note by HM Treasury 2021 pensions increase multiplier tables

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2021 pensions increase multiplier tables

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Details

The multiplier tables are produced to help scheme administrators correctly apply the annual increase to public service pensions, taking into account increases from previous years.

Public service pensions which have been in payment for a year will be increased by 0.5% from 12 April 2021 in line with the September-to-September increase in the Consumer Price Index (CPI). Any pension which has been in payment for less than a year will be increased by a proportionate amount depending on the number of months it has been in payment.

Published 12 January 2021