LIFETRACK
Pensioners: Increases in 2025
Pensioners: RWE Section and Innogy Section pension increases from April 2025
Every year your pension is increased in line with the governing rules of the RWE Group.
When are the increases paid?
Pensions in payment from the RWE Group are reviewed with effect from 1 April each year. As pensions are paid one month in advance, the April 2025 increase will be applied to payments made on 22nd March 2025.
If you have deferred benefits these will be increased from your date of leaving the RWE Group to the date you take your benefits.
How much will the increases be in 2025?
We have summarised the increases in the table on this page. Pensions and deferred benefits paid from the RWE Group will be increased in line with the annual rate of inflation. This is assessed according to the Retail Price Index (RPI) for the year that ended on the previous 30 September or the equivalent Consumer Price Index (CPI).
Therefore, for pension increases taking effect on 1 April 2025, the September 2024 inflation figures will be used as follows:
Where the RPI inflation figure is used it will be 2.7%.
Where the CPI inflation figure is used it will be 1.7%.
Due to the effect of Guaranteed Minimum Pensions (GMP) your pension may not be increased exactly by the capped percentage.
The tables on this page provide further details and the administrator of the RWE Group (WTW) is on hand to help with your questions.
Quick breakdown
Inflation is the rate at which prices increase.
The Retail Prices Index (RPI) is a general measure of how much prices increase. It aims to track inflation by measuring the changes in the cost of a fixed basket of goods over time.
The Consumer Prices Index (CPI) is another general measure of how much prices increase. But unlike RPI, it does not include the costs of owning a home such as mortgage payments.
Survivors’ benefits – how will they be affected?
The increase in members’ pensions is matched by a corresponding increase in other benefits attached to it. This includes pensions paid to widows, widowers, civil partners, dependants and child allowances.
How will my pension be increased if it has been in payment for less than a year?
To qualify for the full increase pensions must have been in payment for at least one year. If your pension has been paid for less than one year the increases will be made on a pro-rata basis. This means in proportion to how long your pension has been paid. The same pro-rata arrangement also applies to deferred benefits in the Main Section but not deferred benefits in other Sections where revaluation applies only to complete years.
How pensions increase and are revalued if you leave the RWE Group
