15%
Pension rise is based on whichever is higher: minimum increase of 2.5%; inflation rate (CPI) from previous September; or pay growth from previous July
10
CPI
2.5%
minimum
5
0
Nominal total pay growth
-5
2014
2016
2018
2020
2022
15%
Pension rise is based on whichever is higher: minimum increase of 2.5%; inflation rate (CPI) from previous September; or pay growth from previous July
State pension rose by 10.1%
in April as this was the level
of CPI the previous September
10
CPI
2.5% minimum
5
0
Nominal total pay growth
-5
2014
2016
2018
2020
2022