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.



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 2017 consultation on GMP indexation and equalisation, extends the arrangements to some additional groups of pensioners.

Published 7 April 2016
Last updated 4 December 2018 + show all updates
  1. Updated page summary.
  2. Updated 'Treasury Direction under section 59A Social Security Pensions Act 1975'.
  3. technical update to explanatory note to change references to 'retail prices' to 'prices'
  4. First published.