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Policy paper: Public service pensions increase: 2024

Hm Treasury

January 25
10:00 2024

2024 pensions increase multiplier tables

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Note by HM Treasury 2024 pensions increase multiplier tables

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The multiplier tables are produced to help scheme administrators correctly apply the annual increase to public service pensions, taking into account increases from previous years.

Public service pensions which have been in payment for a year will be increased by 6.7% from 8 April 2024 in line with the September-to-September increase in the Consumer Price Index (CPI). Any pension which has been in payment for less than a year will be increased by a proportionate amount depending on the number of months it has been in payment.

Published 25 January 2024

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