Statutory increases on post 1988 GMPs in payment
The rates of statutory increase required for post 1988 GMPs in payment. GMP accrued between 6 April 1988 and 5 April 1997 must be increased in line with CPI, capped at 3%
Revaluation of earnings factors
The percentages by which band earnings are revalued in order to calculate the accrued GMP, based upon the tax year the member left contracted out employment. Latest update for SI 2022 No266, effective from 6 April 2023