The total 2025 Pension Increase is 2.7%
19 March 2025
The Pensions Increase (Review) Order for 2025 is 1.7%
APS scheme increases are generally in line with the Government’s yearly Pensions Increase (Review) Orders (PIRO). These increases apply to any elements of your pension that qualify for annual increases under the Scheme Rules. The Orders currently reflect the Consumer Prices Index (CPI) increase, but the Secretary of State decides how these are measured, which may change from time to time. Most APS pensions that have been in payment for at least a year will therefore increase by 1.7% from 7 April 2025.
The APS Discretionary Increase for 2025 is 1.0%
Under the terms of the APS settlement agreement, the APS Trustee may also award a discretionary increase to pension elements that usually receive PIRO increases. The Retail Price Index (RPI) rise over the twelve months to September 2024 was 2.7%. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 1.0% from 7 April 2025. This brings the total 2025 pension increase for eligible pensions to 2.7%.
Notes:
• The PIRO increase for 2025 is based on the Consumer Prices Index rise over the twelve months to September 2024.
• The increase applies to pension elements that are eligible for Scheme increases.
• Some elements of pension may receive different levels of increase.
• Different rules apply in respect of any Guaranteed Minimum Pension (GMP) included in APS pensions.
Issued on behalf of the APS Trustee
APS scheme increases are generally in line with the Government’s yearly Pensions Increase (Review) Orders (PIRO). These increases apply to any elements of your pension that qualify for annual increases under the Scheme Rules. The Orders currently reflect the Consumer Prices Index (CPI) increase, but the Secretary of State decides how these are measured, which may change from time to time. Most APS pensions that have been in payment for at least a year will therefore increase by 1.7% from 7 April 2025.
The APS Discretionary Increase for 2025 is 1.0%
Under the terms of the APS settlement agreement, the APS Trustee may also award a discretionary increase to pension elements that usually receive PIRO increases. The Retail Price Index (RPI) rise over the twelve months to September 2024 was 2.7%. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 1.0% from 7 April 2025. This brings the total 2025 pension increase for eligible pensions to 2.7%.
Notes:
• The PIRO increase for 2025 is based on the Consumer Prices Index rise over the twelve months to September 2024.
• The increase applies to pension elements that are eligible for Scheme increases.
• Some elements of pension may receive different levels of increase.
• Different rules apply in respect of any Guaranteed Minimum Pension (GMP) included in APS pensions.
Issued on behalf of the APS Trustee