The pension increase from April 2024 is 6.7%.
If you were awarded your deferred benefit within the previous 12 months before April, your first increase will be a proportion of the full increase. Find out about the proportion of the pension increase on new deferred benefits
Your deferred benefits are held in the Kent Pension Fund where they increase in value in line with the cost of living, until they become payable.
The increase is added to your pension every April. It is based on the annualised change in the Consumer Price Index (CPI) in the 12 months to the previous September and is set by HM Treasury. Further information about CPI can be found on the HM Treasury website
Pensions increase information is shown in your annual deferred benefit statement. We post your statement to you in the summer. Find out about deferred benefit statements
After your benefits are brought into payment, your pension will continue to receive cost of living increases every year. Find out about payment of deferred benefits