Civil Service Newsletter December 2020 Issue No.108
Pensioners’ Corner
   
  First past the post
 
  Pension Increase 2020
   
 
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Pension Increase 2020
 

Pensions in payment on or before April 1, 2020 have been increased by 2.9% with effect from April 1, 2020. Such arrangement does not apply to pensions paid to pensioners who have not yet reached the normal retirement age. Under the mechanism prescribed by law, the increase is determined according to the percentage increase in the average monthly Consumer Price Index (A) of 2019-20 over that of the preceding year.