Why are additional state pensions and public service pensions the only upratings not being increased?
Maintaining additional state pensions and public service pensions in cash terms at April 2010 represents a 1.4% real terms increase compared with the annual September RPI figure which has been used for such upratings since 1987. The increase in April 2009 was 5%, which compares favourably with RPI during 2009-10. Those receiving basic State pensions will be receiving a 2.5% increase on that pension because it is Government policy to provide a minimum level of increase for those pensions. Further detail: Public service pension upratings are linked by primary legislation to those for additional state pensions. There are also links between the additional state pension and private sector defined benefit schemes. Not changing the cash value of the additional state pension helps to minimise the impact of negative inflation on public and private sector occupational pension schemes in 2010 while protecting people’s pensions in cash terms.
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