As well as increasing pensions that are already in payment this figure is used to uprate the historical salaries used in the calculation of the final salary figure.
https://www.gov.uk/government/publications/public-service-pensions-increase-2023
Reflections on reaching for retirement
As well as increasing pensions that are already in payment this figure is used to uprate the historical salaries used in the calculation of the final salary figure.
https://www.gov.uk/government/publications/public-service-pensions-increase-2023
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