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The increase in the Consumer Price Index (CPI) for the year ending September 2022 was confirmed by HM Treasury as 10.1%.

Official confirmation from HM Treasury as to whether the 10.1% increase will apply to public service pension schemes (including the LGPS) is expected by March 2023, before the increase takes effect on 1 April 2023 for contributing members, and 10 April 2023 for deferred and pensioner members.

However, given that the Chancellor of the Exchequer announced on 17 November 2022 that the State Pension would increase by CPI (10.1%) in April 2023, this means that members of public service pension schemes (including the LGPS) are likely to receive a similar increase to their pensions too.

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