Yes, the pension debit will be increased at your retirement in line with the cost of living and deducted from your total pension benefits.
This means that the amount originally quoted to you for the debit or deduction will be higher once you retire due to it being revalued.

Your former spouse or civil partner's Pension Credit benefits will also be revalued and they will receive a higher amount than originally quoted at the implementation stage.
More information can be found in the guide to Pensions on Divorce or Dissolution of a Civil Partnership on our website.