Pensions Increase and career average revaluation

The Pensions Increase to be applied to pensions in payment will be 3.8% for 2026. This will take effect from 6 April 2026.

The Pensions Increase is also used to change other elements of the Scheme, including member contribution bands, maximum extra pension, restricted salary, and maximum earnings for someone in receipt of a child’s pension. Please visit our updates page as we apply the changes.

Career average revaluation

The revaluation to be applied to benefits that are accruing in the career average scheme is 5.4% for active members and 3.8 % for deferred members.