Your pension from the fund is increased each year in line with the cost of living.
We will write to you every April with details of your pension increase.
The rate of pension increase from 6 April 2010 was 0%.
Your pension is increased each April if you:
- Are aged 55 or over
- Retired on ill health grounds
- Are receiving a widows, widowers, surviving partner or child's pension
If you don't fall into one of these groups your pension will be paid at its initial amount until you are 55.
At that point we will apply pensions increases to bring the pension to the level it would have been had it been increased each year since your retirement.