Public Service Pension Cost Of Living Increase 2024. Public service pensions will be increased from 8 th april 2024 (the first monday of the new tax year) by 6.7%, in line with the annual increase in the cpi up to september 2023,. The annual indexing rate for 2024 is 4.8%.
If your lgps pension started on or before 23 april 2023, the increase is 6.7%. The pensions increase for april 2024 is 6.7%, payable from 8 april 2024.
Cola For The Pssp Is.
Public services and procurement canada.
The Pension Increase Is In Line With Inflation At The End Of September 2023.
Pension contribution rates for the 3 major public sector pension plans.
In Most Cases, If You Retired Before 2023, The Full Indexing Rate Will Be Applied To Your Pension In January 2024.
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Cola For The Pssp Is.
Public service pensions will be increased from 8 th april 2024 (the first monday of the new tax year) by 6.7%, in line with the annual increase in the cpi up to september 2023,.
What Does All This Mean For My Pension?
In most cases, if you retired before 2023, the full indexing rate will be applied to your pension in january 2024.
Pension Contribution Rates For The 3 Major Public Sector Pension Plans.