April 2012 pension increase

Pensions from the TfL Pension Fund will increase in April.

This is based on the rise in the Retail Price Index over the 12 months to September 2011 which was 5.6%.

Depending on the period of membership of the TfL Pension Fund, your pension may comprise of various components, some of which are not increased by the Fund at the above rate, but may be increased by the State.

Members of the Fund fall into two categories:

Existing Members are Members who pension is as a result of Fund membership commencing on 1 April 1989, for these Members in April pension increase on those elements of the pension that are increased by the Fund will be 5.6%.

New Members are Members who pension is as a result of Fund membership commencing on or after 2 April 1989, for these Members in April pension increase on those elements of the pension that are increased by the Fund will be capped at 5%.

If you have been receiving your pension for less than a year you may receive a pro rata increase. See below for details:

Existing Members

Effective date	Increase (%)
Up to 1 April 2011	5.60
2 April 2011 to 1 May 2011	5.13
2 May 2011 to 1 June 2011	4.67
2 June 2011 to 1 July 2011	4.20
2 July 2011 to 1 August 2011	3.73
2 August 2011 to 1 September 2011	3.27
2 September 2011 to 1 October 2011	2.80
2 October 2011 to 1 November 2011	2.33
2 November 2011 to 1 December 2011	1.87
2 December 2011 to 1 January 2012	1.40
2 January 2012 to 1 February 2012	0.93
2 February 2012 to 1 March 2012	0.47

New Members

Effective date	Increase (%)
Up to 1 April 2011	5.00
2 April 2011 to 1 May 2011	4.58
2 May 2011 to 1 June 2011	4.17
2 June 2011 to 1 July 2011	3.75
2 July 2011 to 1 August 2011	3.33
2 August 2011 to 1 September 2011	2.92
2 September 2011 to 1 October 2011	2.50
2 October 2011 to 1 November 2011	2.08
2 November 2011 to 1 December 2011	1.67
2 December 2011 to 1 January 2012	1.25
2 January 2012 to 1 February 2012	0.83
2 February 2012 to 1 March 2012	0.42