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This news article was published on 22 Feb 2024
Active pension accounts, deferred pensions and pensions in payment are adjusted each April in line with the cost of living. The increase is based on the September to September change in the Consumer Prices Index (CPI). The CPI increase for the year up to September 2023 was 6.7%.
This means active pension accounts, deferred pensions and pensions in payment in the LGPS will increase by 6.7% in April 2024.