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Will my pension increase if I leave it in PACE?

Your pension will be increased each 6 April following the date you leave until the date it is paid to help protect it against inflation. The increase will be linked to the increase in the Retail Prices Index at the previous 31 December (up to a maximum of 5% p.a.).

If you are a Former Scheme Member, the rate of increase that will apply to your Former Scheme pension may be different.