What percentage payment was made in 2024 (when the annual Pension Increase was 6.7%) to Civil Servants who had retired before 2016, for the Guaranteed Minimum Pension (GMP/COD) component of their public service pension in respect of each of the following: (a) pre ’88 GMP, (b) post ’88 GMP up to 3%, (c) post ’88 GMP over 3%, (d) and if PI is applied to the GMP part of all public service pension schemes in the same way as above.
The Civil Service Pension Scheme (CSPS) provides for annual Pension Increases (PI) in line with the relevant September to September annual increase, using the relevant Consumer Prices Index (CPI) measure for indexation. In April 2024, this …read full →
