Written question asked by Lord Laird (Ulster Unionist Party), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Tuesday, 27 March 2012.

Pensions

Question: To ask Her Majesty's Government which public sector pension schemes will revalue active members' benefits above the level of the Consumer Prices Index (CPI) and by what percentage figure; what revaluation figure will be utilised if the difference between the CPI and Retail Prices Index is less than that percentage; what figure will be utilised if there is no inflationary rise in the CPI; and which public sector pension schemes and state pensions will not be revalued in this way.

Answer

The table below sets out the revaluation rates in each of the schemes for which heads of agreement or proposed final agreement have been reached:

Scheme	Revaluation Rate
Principal Civil Service Pension Scheme	CPI
NHS Pension Scheme (England and Wales)	CPI + 1.5%
Teachers Pension Scheme (England and Wales)	CPI + 1 .6%
Fire Pension Scheme	Average weekly earnings

These revaluations are linked only to the Consumer Prices Index (CPI). The Retail Prices Index (RPI) is no longer being used for these purposes.

Secondary information

Type: Written question
Reference: 16436; 736 c241-2WA
Session: 2010-12
Related items: Pensions
Monday, 30 April 2012
Written questions
House of Lords; Pensions
Monday, 30 April 2012
Written questions
House of Lords
Subjects: Workplace pensions Public sector
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk