Pensions

Statement

The Financial Services Secretary to the Treasury (Lord Myners)
My right honourable friend the Chief Secretary to the Treasury (Yvette Cooper) has made the following Written Ministerial Statement.

Legislation governing public service pensions requires them to be increased annually by the same percentage as additional pensions (state earnings related pension and state second pension). Public service pensions will therefore be increased from 6 April 2009 in line with the annual increase in the retail prices index up to September 2008, except for those public service pensions which have been in payment for less than a year, which will receive a pro-rata increase.