Retired

Annual pension increase

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Your railways pension is reviewed every year. It increases in line with orders published by the government, and is matched to the Consumer Prices Index (CPI) figure for the previous September.
 
Details about the % annual increases are published in the spring issue of Penfriend.

2018 railways pension increase

For the 2018/19 tax year, your railways pension will increase by up to 3% from ​9 April 201​8.
    
You will be sent a payslip showing your revised pension (if you are eligible for an increase) in line with your first pension payment due after 9 April 2018. 

Changes to your bank details

The payroll is processed ​a week before the payment date.​  If you change your bank or building society account, you must tell pensions administrator RPMI about your new account details at least a week before your pension is due.

If you can’t give this much notice, you should keep your old bank account open to avoid any payment delays.
 
Email csu@rpmi.co.uk or telephone 0800 012 1117 to tell RPMI about changes to your account details. Please quote your Pension Reference Number.