Annual Update for Pensioner Members 2025

Update for pensioners - April 2025

Pensions Increase

Local Government Pensions are increased each April in line with the Consumer Price Index (CPI), also known as the 'Cost of Living Increase.' The pensions increase this year is 1.7% and is effective from 7 April 2025. Your new rate of annual pension can be found in your mypension account.

Please note, if you left the job attached to your pension on or after 23 April 2024, you will not receive the full increase this year. You will receive a proportion of the 1.7%, based on how many months the pension has been in payment during the year. More information about how pensions are increased can be found at https://www.lgpsmember.org/faqs/how-are-pension-increases-calculated/

Please note, as the increase is effective from 7 April 2025, your April payment will be a combination of two different annual rates as follows:-

Your May pension will be the first full month in which you will see the full increase.

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Your P60 for 2024/25

If your pension payments started before 1 April 2025, your P60 for 2024/25 will be available to view in your mypension account.

mypension

If you have not activated your account, you can do so on the mypension registration page.

There are lots of useful guides on our 'mypension account' page to help you to navigate your account.

If you cannot access your mypension account, please call the Pensions Helpline on 0191 424 4141 between 9:00am and 4:30pm Monday to Friday, and a member of the team will assist you.

Important Information

Our News section will keep you up to date with important information that may affect the LGPS or TWPF.

The Fund has also issued its first Newsletter. Our Spring Newsletter contains the latest updates about the Local Government Pension Scheme and can be found at Tyne and Wear Pension Fund's Newsletter - Tyne and Wear Pension Fund.

Please see our FAQs for pensioners if you need further information about your pension.