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.
Read MoreIn our ongoing efforts to provide updates on the backlog of retirement application processing, the Public Service Pensions Board (PSPB) is pleased to confirm that it is on track to resolve all outstanding matters by the end of 2026.
The Public Service Pensions Board (PSPB) is pleased to provide plan members and government stakeholders with an update on the significant progress made in reducing the backlog of retirement applications and improving pension processing services.