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

  2. Updated page summary.

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

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

  5. First published.