RHM Pension Plan 35 and Plan 45 - RHM Pension Scheme - UK.com

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Pension increases
Before retirement
As your pension from Plan 35 or
Plan 45 is based on your Final
Pensionable Earnings at retirement,
it should reflect changes in the cost
of living up to that time, as earnings
generally keep pace with the cost of
living.
If you leave your employing
company and opt for a deferred
pension from the Plan, your pension
entitlement at the date of leaving
will be increased each year up to
your date of retirement (see page 29).
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After retirement
After retirement (or earlier death),
pensions in payment will be
increased each year to help offset
increases in the cost of living.
Your pension will be increased
each year by Plan 35 or Plan 45 in
line with the Retail Prices Index up
to a maximum of 5% a year and
subject to a minimum of 3% a year.
Extra discretionary increases can be
awarded by the Principal Company
and the Trustees, to help offset the
effects of inflation.
These increases apply not only
to pensions which start to be paid at
Normal Pension Age, but also to
early retirement pensions and all
widows’, widowers’ and other
dependants’ pensions from Plans 35
and 45.
During the year in which your
pension starts to be paid, you will
receive a proportion of the full
annual increase.
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State pensions
The State Basic Pension and the
State Earnings-Related Pension are
currently increased in April each
year in line with the Retail Prices
Index.