Forum for former BBC staff

Forum for former BBC staff
http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl >> News and Comment >> Pension rise 2.7% source BBC website http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl?num=1394367782 Message started by JakeF on Mar 9^th, 2014, 12:24pm

Title: Pension rise 2.7% source BBC website
Post by JakeF on Mar 9^th, 2014, 12:24pm

Pension Increase 2014
The pension increase will be applied from 1 April 2014

This year's pension increase for Old and New Benefits members of the Scheme is 2.7%. The pension increase for Career Average Benefits (2006) will be 2.5%.

The basis used for calculating annual increases under the rules of the Scheme is the rise in the Retail Prices Index (RPI) for the calendar year ending 31 December.

The figure for December 2013 was 2.7% and BBC pensions will be increased by this amount with effect from 1 April 2014.

The pension increase for Career Average Benefits (2011) members will be 2.0%.

The basis used for calculating annual increases under the rules of the Scheme is the rise in the Consumer Prices Index (CPI) for the calendar year ending 31 December.

Pensioners will receive a letter at the end of March confirming the details of the increase. The increase will be reflected in your April pension payment.

Title: Re: Pension rise 2.7% source BBC website
Post by chris west on Mar 12^th, 2014, 10:32am

Not a fortune, but worth having. Interesting to compare my pension now to what it was when I left in 1999.

Title: Re: Pension rise 2.7% source BBC website
Post by EyeTunes on Mar 15^th, 2014, 1:32pm

Last autumn-Using the Bank Of England inflation calculator( on line tool)-I inserted my initial pension for 2000 in order to discover what it SHOULD BE today--and the 2013 figure was as near to a few pounds as what I am currently getting....so the BBC pension DOES keep pace. Sort of!!