Deferred pension increases

Your deferred DB pension is increased from the date you become a deferred member. It goes up in line with the General Index of Consumer Prices (CPI), up to a maximum of 5% a year for service before 6 April 2009, and a maximum of 2.5% a year for service on or after 6 April 2009 for leavers after 1 January 1986.

Since 1 April 1990, leavers before 1 January 1986 have also received increases in deferment, at 3% per annum compound.

At Guaranteed Minimum Pension Age (GMP), an additional increase may be applied to allow for the statutory revaluation of your GMP. If you have not been contracted-out of the State Earnings Related Pension Scheme while a member of the MNOPF you will not have any GMP.

Your deferred pension will be paid from your Normal Pension Age, or later.