Your pension is safe
Your pension scheme was created by statute and is backed by government. This means that your pension is well protected and guaranteed.
The ups and downs in investment markets do not affect our ability to pay pensions. So you can rest assured that your pension is secure.
Pension payments
Your pension is paid monthly in arrears on the last working day of the month.
Pensions payroll always runs on the last working day of the month. Payslips are only issued normally where the net pay varies by more than £5. Everyone gets a payslip in the months of April and May, and everyone gets an annual P60.
If you want to access a payslip other than in April or May, you can view them on the Member Portal.
Will my pension increase?
Your pension from the Scheme is increased each year in line by inflation. Recently this has been the rate of inflation based on the previous year’s September CPI figure. The method used for inflation increase can be subject to Government change. Once in payment they cannot go down, so in the rare case of deflation, your pension would remain unchanged.
All pensioners are written to, normally in March, to notify you of the CPI award. Find more information about the yearly CPI pay award on the Hampshire Pension Services website. You can also find this information in the yearly pensioners newsletter.
If you have been retired for less than 12 months, you will receive a proportional increase. We will contact you annually with details of your pension increase.
