We pay almost £725,000 out every month as pensions.
Pensions from the Scheme are paid on the 28th of each month. If the 28th falls on a Saturday, Sunday or bank holiday, then payment will be made on the preceding working day. In December, pension payments will go through before 25 December. The payment dates for 2020 are shown below.
| Month |
Date |
|
|
|
|
|
Month |
Date |
| January |
28th |
|
|
|
|
|
July |
28th |
| February |
28th |
|
|
|
|
|
August |
28th |
| March |
27th |
|
|
|
|
|
September |
28th |
| April |
28th |
|
|
|
|
|
October |
28th |
| May |
28th |
|
|
|
|
|
November |
27th |
| June |
26th |
|
|
|
|
|
December |
22nd |
For a summary of the increases granted by the Trustee since 2005, which come into effect on 1 April each year, the document below provides details for 2019/20 up to March 2021.
NOTE: Increases to GMP in payment have been based on the Consumer Price Index since 1 January 2011 (previously the Retail Price Index was used).