Pension increases and contributions

All public service pensions will increase by 3% for pensions paid before April 2017, there is a graduated taper for those who retired during the year. The increase is effective from 9 April 2018.

For contributing members, pension pots under the CARE schemes will also increase by 3% for service in the current financial year.

These increases are applied across all public service schemes as a consequence of the Public Sector Pensions Act. Further details can be found in this SLGPS circular.

The SPPA has also published new guidance on how contribution rates should be calculated in the Scottish Local Government Pension Scheme.

The above circular also increases the SLGPS contribution bands as follows:

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