Thousands of retirees will be forced to wait an extra year for vital pension increases because a government compensation scheme cannot pay them on time. More than 330,000 retirees who rely on the Pension Protection Fund (PPF) and the Financial Assistance Scheme (FAS) were promised their payouts would finally start rising with inflation by as early as January 2027. However, 66,000 scheme members have been told they must wait until at least 2028 for the uplift because the PPF, which handles every payment, cannot meet the deadline. Under contracting out, in return for making lower National Insurance contributions, employers had to provide staff with additional pension payments that were at least as good as the extra state pension they would have received. Andrew Turner, a fellow campaigner, said the news was another "slap in the face" that robbed retirees of their pension rights.