Adjustments to Pension Entitlements on 1 April 2017

On 1 April 2017 there will be 3.6% adjustment of the US dollar entitlements,based on the movement of the United States Consumer Price Index (US-CPI) over the three-year period December 2013 to December 2016 (there was no increase in April 2015 or 2016 because the required minimum 2 per cent movement to trigger an adjustment had not been reached).

For retirees and beneficiaries on the two track pension adjustment system, the adjustment of the local currency track amount on 1 April 2017 will vary according to the CPI movements in their respective country of residence, provided that the 2 per cent threshold has been met. If the threshold is not met, CPI movements will be carried over to the next year.

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