2022 Increase declared
The Board of Trustees declared a pension increase of 5.2% with effect from 1 January 2023.
More good news….
Pensioners will also receive a bonus in December 2022 amounting to 100% of their gross monthly pension. Pro-rata bonuses will be paid to pensioners who had been receiving a pension for less than a year.
THE FUND’S CURRENT PENSION INCREASE POLICY IS TO TARGET 70% OF CPI