Your benefits are adjusted each year in line with the consumer price index (CPI). CPI is adjusted each year by the office of national statistics. The rate is confirmed by the treasury each April.
In October 2021, the Office for National Statistics announced the Consumer Prices Index (CPI) rate of inflation for September 2021 as 3.1 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 2022 will be 3.1 per cent.