P60 & Useful Information
Changes to Pensions Increase 2023
The Annual Pensions Increase award for 2023 is 10.1%. The increase to your pension is payable from the 10 April 2023 which means your April payment is made up of 9 days at the old rate and 21 days at the new rate.
If your pension started on or after 26 April 2022 you are not entitled to receive the full increase of 10.1% as your pension has not been in payment for a full year. Please see the table below for details of the increases that will be applied in this instance
| Pension beginning on or after | Amount of Increase | Pension beginning on or after | Amount of Increase |
|---|---|---|---|
| 26 April 2022 | 9.26% | 26 October 2022 | 4.21% |
| 26 May 2022 | 8.42% | 26 November 2022 | 3.37% |
| 26 June 2022 | 7.58% | 26 December 2022 | 2.53% |
| 26 July 2022 | 6.73% | 26 January 2023 | 1.68% |
| 26 August 2022 | 5.89% | 26 February 2023 | 0.84% |
| 26 September 2022 | 5.05% | 26 March 2023 | 0.00% |
If you have a Guaranteed Minimum Pension (GMP) amount shown on your pay advice then you may not have received the full increase because of the way the GMP ties in with your state pension. A full explanation of how increases are applied where a GMP is in payment can be found on our website which is www.erpf.org.uk
Pension Pay Advice and P60 Online
As you have signed up to ERPFMSS all your future monthly pension pay advices and annual P60s will be available online to view, download and print. You will also be able to see a number of historic ones too.
Protecting Your Money
The East Riding Pension Fund (ERPF) has a ‘duty of care’ to protect your money and guard against fraud. It is also an audit requirement that from time to time we need to check that you are receiving the pension you are entitled to. The ERPF carries out a number of initiatives in order to protect your money. Firstly, under the National Fraud Initiative, public agencies and local authorities ‘share and compare’ the information they hold about us. When information does not tie up, it’s investigated, often by the police. We take part in this initiative which is normally run every two years. Secondly, the ERPF will shortly be working with a third party to carry out monthly mortality checks therefore reducing potential overpayments. Finally, the ERPF may also issue you with a life certificate. These certificates are used to confirm you are still entitled to your pension.
Tell Us Once Service
From time to time your data will be shared with the Department for Work and Pensions (DWP) because the ERPF has joined the Tell Us Once service. The Tell Us Once service makes sure that the ERPF is informed when a death is registered for a member of the pension fund, therefore allowing us to update and process the necessary calculations more efficiently. The data will be shared on this database for as long as the relevant regulatory requirements remain and the ERPF takes part in the Tell Us Once service. You are unable to opt out of this data sharing as it is partly to comply with a legal requirement, however the data is processed in accordance with the Data Protection Act 2018, the General Data Protection Regulations and other relevant legislation.
General Data Protection Regulations (GDPR)
ERPF is responsible for the administration of the Local Government Pension Scheme. The service is carried out by East Riding of Yorkshire Council as the administering authority on behalf of qualifying employers and the Scheme members. ERPF holds information about individuals so that it can provide the services to members and other stakeholders. It uses this information to fulfil its legal obligation and statutory duty under a number of regulations including the Local Government Pension Scheme (LGPS) Regulations 2013. You have a number of rights in respect of your personal data. More information about how the Fund uses data and your rights can be found at: www.eastriding.gov.uk/privacynotice If you have a concern about the way we are collecting or using your personal data we request that you raise your concern with the Fund in the first instance. Please contact erpf@eastriding.gov.uk
Moving House/Change of Bank Account
If you move house or change your bank account, then you can update these immediately via your ERPSMSS account. Whilst these details are updated immediately, please note that the monthly payroll is signed off around the 20th of each month and therefore for any update to be recognised it must be done before sign off not the end of the month.
Pay Dates
2023-2024
| Month | Pay Date | Month | Pay Date |
|---|---|---|---|
| April 2023 | Friday, 28 April | October 2023 | Tuesday, 31 October |
| May 2023 | Wednesday, 31 May | November 2023 | Thursday, 30 November |
| June 2023 | Friday, 30 June | December 2023 | Friday, 29 December |
| July 2023 | Monday, 31 July | January 2024 | Wednesday, 31 January |
| August 2023 | Thursday, 31 August | February 2024 | Thursday, 29 February |
| September 2023 | Friday, 29 September | March 2024 | Friday, 29 March |
Pension Increase 2023 Q&A
Why isn’t the full pension increase paid in April?
The pension increase is payable from the first Monday following the beginning of the new tax year. This year the pension increase is payable from 10 April 2023. Therefore, up to 9 April 2023 your pension is payable at the old rate.
I worked out 10.1% increase on my pension, but I have not received as much as the amount I calculated. Why would that be?
It could be that you have not been in receipt of a pension for a full year or that part of your pension includes a Guaranteed Minimum Pension (GMP). The pension increase is paid differently in these circumstances. Read more FAQs below for a further explanation.
I am under age 55, why hasn’t my pension been increased?
If you are aged under 55 and retired on the grounds of ill health, or your deferred pension was brought into payment because you are permanently unable to undertake any regular full-time employment, you will receive an increase to your pension in April as described on page 1. However, if your deferred pension was brought into payment early because of ill health, but you are not permanently unable to undertake any regular full-time employment, your pension will not be increased until you reach age 55.
What is a Guaranteed Minimum Pension (GMP)?
The LGPS was contracted out of the State Earnings Related Pension Scheme (SERPS). If you paid in to the LGPS between 6 April 1978 and 5 April 1997, you may have a GMP. GMPs no longer accrued from 6 April 1997. A GMP is based on the state entitlement you would have earned if you were in SERPS at the time. We check that the amount of pension we pay you is equal to or more than the amount of your GMP. In most cases your LGPS pension is higher than your GMP. The GMP is paid as part of your local government pension, not in addition.
How do I know if I am entitled to a GMP?
The Department for Work and Pensions (DWP) notifies you if you are entitled to a GMP and refer to the GMP as the Contracted Out Pension Equivalent (COPE) in any correspondence to you.
How is pension increase calculated on my pension?
The East Riding Pension Fund (ERPF) calculate pension increase on your annual pension at the end of March 2023 less any GMP amount if applicable. Please note that responsibility for payment of the pension increases on the GMP, is shared between the ERPF and the DWP depending on the date you reach State Pension Age (SPA).
How are payments of the pension increases on my GMP shared?
If your SPA is after 5 April 2016, the ERPF pay the full increase on the total GMP element with your local government pension. If your SPA is before 6 April 2016, the DWP pay the full increase, no matter what the percentage is, on the GMP up to 5 April 1988 with your State Pension. For the GMP accrued between 6 April 1988 and 5 April 1997, the ERPF pay the first 3% increase and the DWP pay any increase above 3% with your State Pension. This year, as inflation is 10.1%, you will receive 3% increase on the post-1988 element of the GMP paid with your local government pension, and the DWP pay the remaining 7.1% with your State Pension.