EPPF bonus and Pension increase 2022 all pensioners of 5% with effect from 1 January 2022. This is in line with the Consumer Price Index (CPI) of 5% on 30 September 2021.
In addition to the 5% increase, the Fund will carry out a CPI top up exercise for each pensioner to determine what your pension would have been if full CPI benchmarked increases were granted to you since January 2021*. If there is a shortfall, an additional increase (over and above the 5% increase), will be allocated to you up to a maximum of 3,7%, and is based on what the Fund can afford. Please note that this exercise will be carried out on an individual basis and the outcome is likely to be different for each pensioner. The additional increase, where applicable, will take effect from 1 January 2022.