Police Pension Increase 2024
Posted on 28th March 2024 at 16:09
For those police pensioners eligible for index linking please see below Statutory Instrument SI 2020/372
This Order makes provision for the annual increase of official pensions (as defined in the Pensions (Increase) Act 1971 (P(I)A 1971)). This Order provides for an increase of 6.7 percent from 8 April 2024 for all official pensions, except for those which have been in payment for less than a year, which will receive a pro-rata increase. This Order comes into force on 8 April 2024.
This Order is made to:
• provide for increases on certain deferred lump sums which become payable on or after 10 April 2023 and before 8 April 2024
• make provision for the amount by reference to which any increase in the rate of an official pension is to be calculated, to be reduced by the amount equal to the rate of any guaranteed minimum pension entitlement deriving from the employment which gives rise to the official pension
Share this post: