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6.0% interest applied to retirement savings, no change to pensions currently in payment

On 26 November 2024, the Board of Trustees unanimously decided to pay 6.0% interest on the retirement savings in the 2024 financial year.

In the 2025 financial year, retirement savings will earn interest of 1.25%.

It has additionally been decided that retirement, disability and survivors’ pensions currently in payment will not be increased as of 1 January 2025.  

The Foundation Council and the office employees wish all active insured members and pensioners a Happy New Year and express their thanks for the trust placed in them.