Local Government Pension Scheme pensions are subject to an increase under the Pensions (Increase) Act 1971. The amount of increase each year is entirely dependent on the rate of inflation as benefits are fully index linked and set by reference to the Consumer Prices Index (CPI), based on the 12 months to September the previous year.
The increase is applied each year from the first Monday following the beginning of the new tax year (6 April).
The Pension increase for 2024 is 6.7% effective from Monday 8 April 2024.
Listed below are the increases and effective dates since 2014:
| Effective Date | Percentage Increase |
| 7 April 2014 | 2.7% |
| 6 April 2015 | 1.2% |
| 11 April 2016 | 0% |
| 10 April 2017 | 1% |
| 9 April 2018 | 3% |
| 8 April 2019 | 2.4% |
| 6 April 2020 | 1.7% |
| 12 April 2021 | 0.5% |
| 11 April 2022 | 3.1% |
| 10 April 2023 | 10.1% |
| 8 April 2024 | 6.7% |