House of Commons · Written Ministerial Statement
Public Service Pension Scheme Indexation and Revaluation 2026
26 February 2026 · Treasury
Proposed by James Murray Lab Co-op Ealing North
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The statement addresses the indexation and revaluation of public service pensions for payment as of April 2026.
- Public service pensions will be increased by 3.8% from April 6, 2026.
- Career average revalued earnings schemes will use 3.8% for the prices element and 4.8% for the earnings element of revaluation.
Issue summary
The statement addresses the indexation and revaluation of public service pensions for payment as of April 2026, ensuring their value is maintained in line with cost-of-living increases.
Action requested
Public service pensions will be increased by 3.8% from April 6, 2026, while career average revalued earnings schemes will use 3.8% for the prices element and 4.8% for the earnings element of revaluation.
Key facts
- Public service pensions will increase by 3.8% as of April 6, 2026.
- Career average revalued earnings schemes use 3.8% for price measures and 4.8% for earnings measures.
- The effective date for revaluation is April 1, 2026, but some schemes move to April 6, 2026, to manage tax allowance interactions.
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