MBABANE – The Public Service Pensions Fund (PSPF) has announced 4.2% pension annuities increment that would caution over 20 000 pensioners.
The decision aims to cushion retirees against the rising cost of living and ensure their pensions remain sustainable.
The PSPF announced these developments on Monday following the Minister of Public Service Mabulala Maseko’s approval.
The increment applies to all PSPF pensioners backdated to April 1, 2025. PSPF paid 25 572 pensioners over E15.3 million in 2024.
The Fund advises that although the increase is effective from April, pensioners will see the adjustment reflected in the August 2025 pay-out.
The PSPF stated that this measure reflects its commitment to the welfare of its members and is part of ongoing efforts to adjust benefits in line with inflation trends.
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