2015 Scheme pensions increase
If you’re currently paying in to the Firefighter’s 2015 Scheme, the pension benefits you’ve been building up since 1 April 2015, will increase by 2.4% on 1 April 2021.
If you’re a deferred member, you’ll receive a 0.5% increase from the 12 April 2021.
Pensions that have been in payment for less than a year will receive a proportion of the increase.
The increase is worked out in line with September 2020’s consumer price index (CPI) inflation figure. The Shropshire County Pension Fund, like all public sector pension schemes, has no discretion in applying your pension increase and is bound by The Pensions Increase (Review) Order 2020 issued by HM Treasury.