The Public Service Pensions Board was established by Executive Council on 25th February, 1992 under the Pensions (Amendment) Law, 1991, that came into effect on 1st January, 1992. This Law also established the Public Service Pensions Fund. Employees began contributing to the fund at 4% effective 1st January, 1990. Employers began matching this with an additional 4% contribution with.
18th June 2018
7th June 2018
We are pleased to announce that in accordance with the Law, the pension augmentation for 2018 is calculated at 1.9% based on an award of 100% of the Consumer Price Index (CPI) of 1.9% for 2017.