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Late Retirement October 2016

As you may be aware, if you work past your state pension age there is an increase applied to your pension benefits. The increase is set by the Government Actuary Department and they provided updated factors with effect from 4 January 2017. Full details can be found here.

Annual Benefit Statements 2016

As you may be aware, it is a requirement that annual benefit statements are issued by the 31st August each year.  However providing the statements within this timescale has, unfortunately, been challenging again this year.

The reason being is some payroll providers are still having difficulties in providing accurate data in respect of the career average scheme, and despite full end of year guidance being made available, obtaining accurate information has proved difficult.  In some cases where data quality has been poor, we have had to request it again and this has caused further delays.

We were able to issue some annual benefit statements at the end of August, but the vast majority will be sent out from the beginning of December 2016.  However, the information on them may not be as accurate as we would have hoped.  Therefore, if you feel that any of the details on your statement are incorrect, then please contact Equiniti, the pension administrators, at the earliest opportunity.  Equiniti can be contacted on 01293 603 085, please quote your member number or national insurance number when calling.

Thank you for your continued patience whilst we endeavour to correct the data and issue your statements.

Pension Increase 2012

We are pleased to tell you that your London Borough of Hackney pension will be going up by 5.2%.

The Government has approved the rate of increase for all public service pensions and state scheme benefits.  The increase is effective from 9th April 2012 and is 5.2%.

The increase is set by reference to the Consumer Price Index in September 2011.  It does not reflect the performance of the Hackney Pension Fund and we do not have the power to pay any additional increase.

Your pension will be increased with effect from 9th April 2012 if you:

  • are aged 55 or over, or
  • are receiving a spouse’s, widower’s, beneficiary’s or child’s pension,
  • or  retired on ill health grounds.

    If you do not fall into one of these groups, your pension will still attract the increase, but it will not be paid until your 55th birthday.

     If your pension began on or before 10th April 2011 your pension increase is 5.2%.  If your pension began after this date a smaller, pro-rata, increase will apply as shown in the table.

    Pensions beginning:

    Increase
    11th April to 24th April 20115.2%
    25th April to 24th May 20114.77%
    25th  May to 24th June 20114.33%
    25th June to 24th July 20113.90%
    25th July to 24th August 20113.47%
    25th August to 24th September 20113.03%
    25th September to 24th October 20112.60%
    25th October to 24th November 20112.17%
    25th November to 24th December 20111.73%
    25th December 2011 to 24th January 20121.30%
    25th January to 24th February 20120.87%
    25th February to 24th March 20120.43%

Pension Increase 2013

We are pleased to tell you that your London Borough of Hackney pension will be going up by 2.2%.

The Government has approved the rate of increase for all public service pensions and state scheme benefits.  The increase is effective from 8th April 2013 and is 2.2%.

The increase is set by reference to the Consumer Price Index in September 2012.  It does not reflect the performance of the Hackney Pension Fund and we do not have the power to pay any additional increase.

Your pension will be increased with effect from 8th April 2013 if you:

  • are aged 55 or over, or
  • are receiving a spouse’s, widower’s, beneficiary’s or child’s pension,
  • or  retired on ill health grounds.

    If you do not fall into one of these groups, your pension will still attract the increase, but it will not be paid until your 55th birthday.

    If your pension began on or before 8th April 2013 your pension increase is 2.2%.  If your pension began after this date a smaller, pro-rata, increase will apply as shown in the table.

      Pensions beginning:

      Increase
      25th March to 23rd April 2012   2.2%
      24th April to 23rd May 2012   2.02%
      24th May to 23rd June 2012   1.83%
      24th June to 23rd July 2012   1.65%
      24th July to 23rd August 2012   1.47%
      24th August to 23rd September 2012   1.28%
      24th September to 23rd October 2012   1.10%
      24th October to 23rd November 2012   0.92%
      24th November to 23rd December 2012   0.73%
      24th December 2012 to 23rd January 2013   0.55%
      24th January 2013 to 23rd February 2013   0.37%

      24th February 2013 to 23rd March 2013

      0.18%

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