It was reported in the Royal Gazette on 17th July 2025 that “Pensions are set to increase by 2.3 per cent on August 16, while rates paid into the Contributory Pension Fund are to rise by 4.81 per cent.
As a result, the basic contributory pension will rise from $1,179 to $1,206 per month, and the maximum pension will increase to approximately $1,752 per month.
Wayne Furbert, the Junior Minister of Finance, said the move balanced supporting seniors to reflect the rising cost of living while safeguarding the fund’s sustainability.
He added: “The Contributory Pension Fund holds over $2.25 billion in assets, which equates to nearly ten years of benefit payments even without new contributions.”
CLICK HERE to read more about this announcement.
EDITORS NOTE - This increase does NOT apply to our Police Pensions which have now been frozen since 2012 despite the fact that they are supposed to be subject to annual cost of living increases.
We are aware that our ExPo President, Cal Smith, has been involved in discussions with other civil service representatives who are collectively seeking cost of living increases, but at this point there is still no movement.
We have published several articles on this topic and it may be of interest to our members to re-read an article we pubished back in 2018 on the efforts being made to address this ongoing situation with Government. CLICK HERE to view the article.
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