Collection

Public service pensions increases

Public service pensions increase multiplier tables for each year.

From:
HM Treasury
Published
4 February 2014
Last updated
2 February 2024 — See all updates

Public service pensions are increased under the provisions of the Pensions (Increase) Act 1971 and Section 59 of the Social Security Pensions Act 1975. The latter provides for public service pensions to be up-rated at the same time and by the same percentage as the increase in the additional pension provided under the State Earnings Related Pension Scheme (SERPs), which is based on the September-to-September increase in the Consumer Prices Index (CPI). The underlying purpose of this legislation is to maintain the purchasing power of state retirement and public service pensions.

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.

View historical tables on the National Archives website

Multiplier tables

Published 4 February 2014
Last updated 2 February 2024 + show all updates

  1. Updated with: Public service pensions increase: 2024

  2. Public service pensions increase: 2023 added

  3. Public service pensions increase: 2022 added

  4. Updated with: Public service pensions increase: 2021.

  5. Updated with 'Public service pensions increase: 2020'.

  6. Updated with Public service pensions increase: 2019

  7. Updated with Public service pensions increase: 2018

  8. Updated with: Public service pensions increase: 2017

  9. Updated with 2016 returns

  10. Added public service pensions increase: 2015

  11. First published.

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