Your Pension - Your Future 

Pensions in payment are increased each year. This is in line with the rise in the Retail Prices Index (RPI), which depends on which old Scheme tier you were in.

The timing of pension increases also depends on which old Scheme tier you were in.

Pension increases are paid with effect from:

• 1 January (AD Tier)
• 1 July (Eagle Star & Tier 2000)
• 1 October (ZI Tier)

Under the ES Tier, the maximum increase also applies to those who left service prior to 01/10/2000.

If you’ve taken benefits during the year, you will receive a pro-rata increase for that year. These increases will also be applied to any partner/dependant’s pensions payable at your death. The ZI Tier increase is not pro-rated in the first year.

The ZPensionBuilder part of your pension increases at the same time as the old tier benefit and in-line with the same RPI measure with a minimum increase of 0% and a maximum of 5% a year.

Pension increases do apply to the ES supplement, however this is made on the first of the month following each birthday and in-line with the percentage increases given to the state pension.