The Public Service Pensions Fund has implemented a 3.1 per cent Cost of Living Adjustment (COLA) for public service pensioners, effective from April 1, 2026.
The fund announced on July 17, 2026, that the adjustment was approved by the Minister of Public Service in consultation with the PSPF Board of Trustees.
The increase was processed and included in the July 17, 2026, pension payroll. 
The 3.1 per cent increase applies to monthly pension annuities for retired public servants.
The adjustment is part of the Fund’s annual Cost of Living Adjustment for pensioners.
Because the effective date is April 1, 2026, eligible pensioners received arrears for April, May and June in the July payment.
According to the PSPF, the adjustment is intended to cushion pensioners against rising living costs.
Many pensioners rely on monthly pension payments for essential expenses, including food, transport, healthcare and household needs.
“The approved adjustment forms part of the annual Cost of Living Adjustment for pension annuities,” the Fund stated.
“The increase has already been processed and included in the July pension payroll.”
The PSPF said the adjustment followed consultations between the Minister for Public Service and the Board of Trustees, in accordance with the fund’s governance processes.
The fund stated that the increase reflects its commitment to supporting pensioners through regular cost-of-living adjustments approved under established procedures.
Pensioners have been advised to check their July pension payments, which now reflect the approved 3.1 per cent increase.
The adjustment is backdated to April 1, 2026, to ensure beneficiaries receive the revised pension in line with the approved implementation date.
