LGPS pension increase 2024

The Government has issued a written ministerial statement concerning the increases to apply to public service pensions in April 2024.

As expected, this confirms that:

• LGPS pensions will increase by 6.7% from 8 April 2024 (a lower, pro-rata increase will apply to pensions that started after 23 April 2023)
• Active LGPS pension accounts will be revalued by 6.7% from 6 April 2024.

The increase is in line with the increase in the Consumer Prices Index (CPI) for the year up to September 2023.