Pensions Increase
As the cost of living rises, so will your pension. Public service pensions increase by the rise in the Consumer Price Index (CPI). The rate is measured by the Office for National Statistics (ONS) in the twelve months to September of each year. The rate is then confirmed by the Treasury, and applies from the following April, effective from the first Monday in the new tax year.
A letter about pensions increase is sent to Bedfordshire Pension Fund pensioners every April.
The pension increase payable from 6 April 2026 is 3.8%.
If your LGPS pension started on or before 21 April 2025, the increase is 3.80%. Pensions which started between 22 April 2025 and 21 March 2026 will receive a proportion of the increase and the rates can be seen below. Pensions which began on or after 22 March 2026 are not due for an increase until April 2027.
Pensions increase
| For pensions which began: | Percentage increase |
|---|
| On or before 21 April 2025 |
3.8%
|
|---|
| 22 April 2025 to 21 May 2025 |
3.48%
|
|---|
| 22 May 2025 to 21 June 2025 |
3.17%
|
|---|
| 22 June 2025 to 21 July 2025 |
2.85%
|
|---|
| 22 July 2025 to 21 August 2025 |
2.53%
|
|---|
| 22 August 2025 to 21 September 2025 |
2.22%
|
|---|
| 22 September 2025 to 21 October 2025 |
1.90%
|
|---|
| 22 October 2025 to 21 November 2025 |
1.58%
|
|---|
| 22 November 2025 to 21 December 2025 |
1.27%
|
|---|
| 22 December 2025 to 21 January 2026 |
0.95%
|
|---|
| 22 January 2026 to 21 February 2026 |
0.63%
|
|---|
| 22 February 2026 to 21 March 2026 |
0.32%
|
|---|
Revaluation of benefits for new pensioners
The LGPS became a Career Average Revalued Earnings (CARE) scheme with effect from 1 April 2014. If you left the scheme in the period 1 April 2025 to 31 March 2026 then there will be a small increase to the part of your pension built up under the CARE scheme, in order to ensure the correct level of inflation proofing in the year of leaving. The amount of the increase will depend on your date of leaving and will be up to a maximum of 3.80%.