Policy paper

Note by HM Treasury 2022 pensions increase multiplier tables

Published 20 January 2022

This was published under the 2019 to 2022 Johnson Conservative government

© Crown copyright 2022

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This publication is available at https://www.gov.uk/government/publications/public-service-pensions-increase-2022/note-by-hm-treasury-2022-pensions-increase-multiplier-tables

  1. This paper gives details of the multiplier tables for public service pensions, which take effect from 11 April 2022.

  2. Section 59 of the Social Security Pensions Act 1975 (as amended) provides for public service pensions to be increased annually by the same percentage as additional pensions (State Earnings Related Pension and State Second Pension). As the Secretary of State for Work and Pensions has confirmed, benefits such as additional pensions will be increased by 3.1 per cent from April 2022, in line with the increase in the Consumer Prices Index in the 12 months from September 2020 to September 2021. The Chief Secretary to the Treasury then made a Written Statement on 20 January 2022 confirming that public service pensions would also be increased by the same percentage, which is 3.1 per cent, from 11 April 2022.

  3. We expect the Pensions Increase (Review) Order to be laid during March 2022. The attached spreadsheet (containing Annex B for increases to pensions in payment and Annex C for increases to lump sums) sets out the increases and multipliers that apply to preserved pensions and lump sums from 11 April 2022.

  4. The tables in Annex B and Annex C are available on the HM Treasury website at the following location

Joseph Bambridge

HM TREASURY

HM Treasury
1 Horse Guards Road
London SW1A 2HQ

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