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National Grid Pensioners

The administration of the NG Pension Scheme is carried out by Barnett Waddingham.

Pension increases for 2025 for National Grid Pensioners

The information below has been copied from the National Grid Pensions website (www.ngukgaspension.co.uk)

NGUKPS pensions will increase by 2.7% from Monday, 7 April 2025, in line with the Retail Prices  Index for September 2024. If you’re a man under the age of 65, or a woman under age 60 at the increase date, your whole pension will be increased by this amount. However, if you’re a man over age 65, or a woman over age 60, your Scheme pension is likely to include what’s known as a Guaranteed Minimum Pension or GMP. Different increases apply to the GMP part of your pension and depending on when you reached, or will reach, State Pension age, some increases to your GMP may be paid by the State.

A pensions increase letter will be sent to you in April 2025, confirming the annual increase and explaining how this has been applied in your case.

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Cadent Pensioners

The administration of the Cadent Pension Scheme is carried out by Aptia (formerly called Mercer).

Pension increases for 2025 for Cadent Pensioners

The information below has been copied from the Cadent Pensions website (www.cadentgaspensions.com)

Your pension will increase each year to reflect inflation. Pensions payable from the Scheme are reviewed in April each year. The amount they are increased by is based on the Retail Prices Index (RPI) for the 12 months up to the previous September. Pensioner members will receive a personalised letter before each year’s April pay day, explaining exactly how much their pension will increase by. The headline pensions increase for April 2025 will be 2.7%. This is in line with the increase in the RPI for the 12 months up to September 2024.

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