April 2014 pension increase
Pensions from the TfL Pension Fund will increase in April.
The full pension increase from 1 April 2014 is 3.2%.
This is based on the rise in the Retail Price Index over the 12 months to September 2013.
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.
If you have been receiving your pension for less than a year you may receive a pro rata increase. See below for details:
Effective date | Increase (%) |
Up to 1 April 2013 | 3.20 |
2 April 2013 to 1 May 2013 | 2.90 |
2 May 2013 to 1 June 2013 | 2.67 |
2 June 2013 to 1 July 2013 | 2.40 |
2 July 2013 to 1 August 2013 | 2.13 |
2 August 2013 to 1 September 2013 | 1.87 |
2 September 2013 to 1 October 2013 | 1.60 |
2 October 2013 to 1 November 2013 | 1.33 |
2 November 2013 to 1 December 2013 | 1.07 |
2 December 2013 to 1 January 2014 | 0.80 |
2 January 2014 to 1 February 2014 | 0.53 |
2 February 2014 to 1 March 2014 | 0.27 |
6th January 2014