Pension in Payment Increase Rate for GMP
This is the rate at which the Pre-1988 GMP or the Post-1988 GMP will increase between date of retirement and SPA (if later). Select from the drop-down list which of the previously defined pension increase rates to use. The options are:
- Main
- Special
- Pension Increase 3
- Pension Increase 4.
This indicator will also be used to determine which pension any SPA adjustments for the Pre-1988 GMP or the Post-1988 GMP are made to.