I can't state it for a fact about AFPS75 but AFPS05 is definitely linked to September CPI so no question - it is 6.7%I'm interested to see if our military pension will be classed as a pension and increased in April by September's 6.7% CPI or a Benefit and increased by Octobers 4.6% CPI, as reported by several media sites. I cannot imagine Johnny Mercer taking the lower figure lying down.
Changed mine a few years ago was painless
Public Sector Pension increases are normally linked to the rise announced for benefits. That is why, when a Budget in the early 2010s said that benefits would rise by CPI rather than RPI, service pension increases were linked to CPI. We are waiting to see what the Autumn Statement (22 Nov) says about benefit increases .I can't state it for a fact about AFPS75 but AFPS05 is definitely linked to September CPI so no question - it is 6.7%
Interesting if they change it, Monthly inflation rates are year on year, if it moves to October, then it would an annual rate for a period of time that’s longer than a year.Public Sector Pension increases are normally linked to the rise announced for benefits. That is why, when a Budget in the early 2010s said that benefits would rise by CPI rather than RPI, service pension increases were linked to CPI. We are waiting to see what the Autumn Statement (22 Nov) says about benefit increases .
Called pension people and was asked to send a letter detailing new date for payment and date was changed, pretty easy process.How mate?