Pension Increase 2016

The Government has confirmed that there will be no increase to teachers' pensions in April 2016.

Teachers' pensions are usually increased in April based on the preceding September's Consumer Prices Index (CPI). The September 2015 CPI change of minus 0.1 per cent means, that although teachers' pensions could not be cut, the Government was not obliged to make an increase.

The basic state pension will increase by 2.9 per cent in April, in line with the increase in national average earnings as part of the triple lock. There will, however, be no increase in the State Second Pension (S2P).

Teachers Building Society