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 1.552% has been declared effective 1 July 2024 and this adjustment will be applied from the first pay which includes 1 July 2024 (and will be processed late June).  Please note that the 1 July tax rate changes will apply to your pension the following fortnight (being the first pension payment processed after 1 July). Letters confirming updated pension details, for both CPI and Tax changes, will be issued to pensioners mid to late July 2024. ​ ​​