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Pension rise 2.7% source BBC website (Read 37064 times)
JakeF
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Pension rise 2.7% source BBC website
Mar 9th, 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.
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chris west
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Re: Pension rise 2.7% source BBC website
Reply #1 - Mar 12th, 2014, 10:32am
 
Not a fortune, but worth having. Interesting to compare my pension now to what it was when I left in 1999.
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WG
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Re: Pension rise 2.7% source BBC website
Reply #2 - Mar 15th, 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!!
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