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Public Service Pension Scheme Indexation and Revaluation 2026

26 February 2026

Proposing MP
James Murray Lab Co-op
Ealing North
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

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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