​RBF Life Pensions, Interim Invalidity Pensions and Parliamentary Pensions are indexed twice yearly in line with increases in the rate of inflation as measured by movements in the Consumer Price Index (CPI).  A CPI increase of 3.271% has been declared effective 1 July 2023 and this adjustment will be applied from the first pay in July 2023.  Letters confirming updated pension details will be issued to pensioners during July 2023. ​​​