**NEW** BBC 2019 PENSION INCREASE CONFIRMED

BBCPA AGM 2019 16TH APRIL
April 8, 2019
BBC ANNUAL PLAN 2019/20 PUBLISHED
April 8, 2019

**NEW** BBC 2019 PENSION INCREASE CONFIRMED

It has been confirmed that the following pension increases will take effect from 1st April 2019

Old and New Benefits members’ pensions in payment and deferred pensions will increase by 2.7%. Old Benefits members who elected to receive the Pension Increase Exchange will receive a lower, and in some cases, no increase with effect from 1 April 2019.

Career Average Benefits (“CAB”) 2006 members’ pensions in payment will increase by 2.5%.

CAB 2011 members’ pensions in payment will increase by 2.1%.

A revaluation increase of 2.7% on 1 April 2019 to pensions built up to 31 March 2018 for active and deferred CAB 2006 members.

A revaluation increase of 2.1% on 1 April 2019 to pensions built up to 31 March 2018 for active and deferred CAB 2011 members.

No discretionary increase over and above those detailed above have been agreed.

You can view these details @ https://www.bbc.co.uk/mypension/news/190312

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