April 2027 Pension Increase 

TfL Pension Fund pensions will increase from April 2027.

This increase is based on the Retail Price Index (RPI), which rose by 3.9% in the 12 months to September 2026.

Some parts of your pension, such as the Pre-88 Guaranteed Minimum Pension (GMP), are not increased by the TfL Pension Fund. These parts may be increased separately by the State under State pension rules.

There are two types of TfL Pension Fund members:

• Existing Members: joined the Fund on or before 1 April 1989
• New Members: joined the Fund after 1 April 1989

The increase for New Members is capped at 5%. As this year's increase is 3.9%, this will be applied to both membership categories.

If you have been receiving your pension for less than a year you may receive a pro rata increase, as shown in the following table.

Effective date	Existing & New Members Increase %
Up to 1 April 2026	3.900%
2 April 2026 to 1 May 2026	3.575%
2 May 2026 to 1 June 2026	3.250%
2 June 2026 to 1 July 2026	2.925%
2 July 2026 to 1 August 2026	2.600%
2 August 2026 to 1 September 2026	2.275%
2 September 2026 to 1 October 2026	1.950%
2 October 2026 to 1 November 2026	1.625%
2 November 2026 to 1 December 2026	1.300%
2 December 2026 to 1 January 2027	0.975%
2 January 2027 to 1 February 2027	0.650%
2 February 2027 to 1 March 2027	0.325%