Latest DBCBS increase

[RobertT]

For anyone who's interested and who hasn't yet seen the latest edition of 'Pensions News', the DBCBS has increased by 6.4% this year.

It aims to at least match the rate of CPI inflation the previous September, which was 3.8%.

Previous years increases were as follows(with CPI in brackets):

2020 – 3.7%(1.7%)
2021 – 1.7%(0.5%)
2022 – 4.6%(3.1%)
2023 – 11.3%(10.1%)
2024 – 6.7%(6.7%)
2025 – 3.7%(1.7%)

[Kevin.r.smith]

It’s 6.4 Robert

[RobertT]

I haven't actually had mine yet and was going by what mr hil say here: viewtopic.php?p=1159074#p1159074

I've edited it.....

[Kevin.r.smith]

Anyway Robert it’s a decent rise this year

[Wullie10]

So am i correct ? If you take your pension early and lose 5% of your pension ( for every year ) , you'll also lose quite a very decent percentage rise on what should hopefully be a large sum. ? Thats quite a loss for some. You'd have to get a amazing return on investment to beat that. I remember the bloke who took the lot early and put it in Premium Bonds

[Chelseablue]

Like a few of us, sick of the place , want to maybe retire . Can i do a few more years? Can i afford it , etc etc. Big decisions ahead.

[RobertT]

Anyway Robert it’s a decent rise this year

I don't think we can complain too much considering CPI is the benchmark.

Interestingly, Pensions News says the surplus has reduced between 2024-2025.
It's still a huge amount of money, but perhaps not as huge as some would like to think.

[RobertT]

So am i correct ? If you take your pension early and lose 5% of your pension ( for every year )

The updated(from 1st March 2026) RMPP calculator, suggests the early payment reduction for their Age65 benefits is no longer the widely used 5% per year.
Take it at 60 and it's a 32% hit!

I don't know if the same applies to RMSPS benefits!

The Cash Balance reduces by a lower figure – somewhere in the region of 1.4% per year.

[Wullie10]

Like a few of us, sick of the place , want to maybe retire . Can i do a few more years? Can i afford it , etc etc. Big decisions ahead.

I can understand that. Everyone is different etc etc. But if you can afford it you can leave the pension untouched , even if you leave. Some people will take the hit , but it is more than just an early exit fee especially if taken very early.

[derekm]

Is that the cash balance that rose 6.4%

[RobertT]

Is that the cash balance that rose 6.4%

Yes.
The Defined Benefit Cash Balance Scheme.

[Delbhoy]

Is that the cash balance that rose 6.4%

Yes.
The Defined Benefit Cash Balance Scheme.

thank you