This is an additional amount of pension increase (PI) that may be paid to you in the April following your retirement or at age 55 if later.
This covers from the date of the last PI in April to your date of retirement.
A second bite increase only applies if you’ve retired in the following circumstances:
- you’re drawing your pension after being a deferred member
- you were a member of the 1995 Section and your total pensionable pay (TPP) is not your last year’s pensionable pay
- you were a member of the 2008 Section and your reckonable pay period was not the best 3 year average ending on your last day of service
- you were a member of the 1995/2008 Section and 2015 Scheme and had membership as an officer and practitioner - a second bite increase may be applicable to the Flexibility Value Earnings Credit (FVEC) for your 1995/2008 Section membership