Your benefits are adjusted each year in line with the consumer price index (CPI). CPI is adjusted each year by the Office for National Statistics. The rate is confirmed by the treasury each April.
On 21 October 2020, the Office for National Statistics announced the consumer price index (CPI) rate of inflation for September 2020 as 0.5 per cent.
We await confirmation from Government that the revaluation and pensions increase that will apply to LGPS contributing member pension accounts, benefit on hold pensions and pensions in payment in April 2021 will be 0.5 per cent.