If you're a dependant you'll receive annual increases if the original member received increases on their compensation, and then the annual increase is based on the date the compensation came into payment.
You’ll get a proportionate increase in your first year of retirement if you’ve been receiving compensation from us for less than 12 months. The annual increase is set in line with the change in the Consumer Prices Index (CPI) up to a maximum of 2.5 per cent. But all your payslips are available to view online. As we no longer issue paper payslips, you won’t now be notified in advance of any increase you may be entitled to. Increases to compensation payments are applied on 1 January each year. Any part of your compensation derived from pensionable service before 6 April 1997 won’t increase in payment.īut any part of your compensation derived from pensionable service on or after 6 April 1997 may increase annually. How we increase your compensation, is set by law.