Skip to content

Pensioner increases

Pensioner increases

2021 Increase declared

The Board of Trustees declared a pension increase of 3.41% with effect from 1 January 2022. 

More good news….

Pensioners will also receive a bonus in December 2021 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.

Please remember

Pension increases and any bonus declarations are dependent on affordability and are always based on sound investment returns of the fund.

THE FUND’S CURRENT PENSION INCREASE POLICY IS TO TARGET 70% OF CPI (click here for the January 2021 pension increase letter