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Pay Dates and Pensions Increase

Pension Pay Dates for 2014/2015

Fire & Former WDA

Payroll 95 and 96 

Local Government

Payroll 98

End of Month 

Local Government

Payroll 99 (closed to new joiners)

Mid Monthly 

  May 01

April 30

April 16

May 30 

May 30

May 16

July 01

June 30

June 16

August 01

July 31

July 16

September 01

August 29

August 15

October 01

September 30

September 16

October 31

October 31

October 16

December 01

November 28

November 14

December 31

December 31

December 16

January 30

January 30

January 16

February 27

February 27

February 16

April 01

March 31

March 16

Please note: As a new pensioner you will be joined to either Payroll 95/96 or 98 depending on who you were employed by.

This year’s pension increase (2014/2015)

The annual increase to your Local Government and State pension is based on the Consumer Price Index (CPI) as at 30th September from the preceding year and will be payable from 7th April 2014.

Your pension will be increased if you:

• are aged 55 or over

• or are receiving a spouse’s, beneficiary’s, or child’s pension

• or retired on ill health grounds

If you do not fall into one of these groups, your pension will still attract the increase, but it will not be paid until your 55th birthday.

This year, your pension will increase by 2.7%

 The payment of the pension increase comes from the Pension Fund but when you reach your state retirement age, this changes as some of the increase is paid by the Government and some will continue to be paid by the Fund.

When you joined the LGPS you were contracted out of the State Second Pension (S2P) formerly known as the State Earnings Related Pension Scheme (SERPS).

When you retire, your LGPS pension must not be less than the pension you would have received from the State Scheme and so the Fund gives an undertaking to provide you with the same or greater amount of pension.

The responsibility of paying the pension increase on this part of the pension is taken up by the state when you reach your state retirement age, and this will be paid to you along with your basic state pension.