Policy paper

Public service pensions increase: 2024

Covering note and multiplier tables for public service pensions in 2024.

• From: HM Treasury
• Published: 25 January 2024

This was published under the 2022 to 2024 Sunak Conservative government

Documents

2024 pensions increase multiplier tables

MS Excel Spreadsheet, 130 KB

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Note by HM Treasury 2024 pensions increase multiplier tables

MS Word Document, 34 KB

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Note by HM Treasury 2024 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 6.7% from 8 April 2024 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 25 January 2024