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Shell pensioners in uproar over capped pension increase

Shell pensioners in uproar over capped pension increase

Spa Facebook site dominated by pensioners challenging this years decision to ignore RPI adjustments

28 February 2023

The December Retail Price Index (RPI) only exceeded 7% twice before 2021 (7.5%) and 2022 (13.4%).  The two occasions were in 1989 and 1990.

In 1989 the RPI increase was 7.7%. At the time the SCPF took the decision, following Company approval, to match the RPI increase and Pensions went up by 7.7% in April 1990.

In December 1990 the RPI figure was 9.3%. Once again SCPF pensioners received a matching 9.3% increase w.e.f. April 1991.

So the decisions last year and this year, when the RPI increases were 7.5% (2021) and 13.4% (2022), to cap our pension increment at 7% were unprecedented – certainly over the last 30+ years. and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

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