questionText: To ask the Secretary of State for Work and Pensions, whether her Department plans to ensure that pension scheme trustees are able to use surplus funds to provide discretionary increases for pre-1997 pensioners whose pensions have not kept pace with inflation.
answerText: Discretionary indexation is over and above the statutory requirements. This discretion is usually exercised by the trustees with the agreement of the sponsoring employer.The precise design of pension benefits is a matter for employers and trustees and is ...
heading: State Retirement Pensions: Uprating