Pensions paid by The ITB Pension Funds are increased each year in accordance with the Pensions (Increase) Act 1971. The increase is effective from the first Monday on or after the 6^th April and the amount of the increase is the percentage by which the Consumer Price Index (CPI) increased over the twelve months ending in the September of the previous year. 

This year the increase takes effect from Monday 7 April 2025. 

As CPI at September 2024 was 1.7%, this increase will be applied to your ITB Pension in payment.

If you reached State Pension age before 6 April 2016 and you were working prior to 6 April 1997, part of your pension increase is paid within your State Pension. As such, if you haven’t received the full 6.7% in your ITB Pension, you will have received an increase in your State Pension.