PUBLIC SERVICE PENSIONERS RECEIVE 5% INCREMENT TO ANNUITIES

Written by Fundizwi Sikhondze

Former public service employees who are now retirees under the Public Service Pension Fund (PSPF) were awarded an increment of 5% on their monthly pension annuities. The increment is effected in July 2024 and backdated to April 2024.

The PSPF is the biggest pension fund in Eswatini as it boasts around E31.2billion. It caters for the needs of around 25 000 beneficiaries mad up of 10 000 principal members or beneficiaries, around 15 000 spousal as well as minors beneficiaries. It boasts of just above forty 40 000 active members who are still in service and therefore still contributing to the fund.

On another note it was reported by the local daily Time of eSwatini (13-0724) that members of the Swaziland Public Service Pensioners Association (SPSPA) representing principal members to the fund has continued with their quest to reverse the transition of the PSPF from a category B public service organisation or parastatal to a category A parastatal. They have vowed not to leave any stone unturned including working with the Public Service Unions (PSUs) to get the decision turned.

Comments

70 individuals appointed into Emabandla at a high cost to the fiscus

Eswatini Attorney General Sifiso Khumalo (online picture) King Mswati III the Head of State of Eswatini on Saturday issued a directive through the Attorney General Sifiso Khumalo appointing around 70 individuals into several national committees, also known as Emabandla. The appointments come more than a month after the term of office of the previous Emabandla’s term of office came to an end and their term in office was extended indefinitely by the King through a gazette issued by the Attorney General. The several Emabandla announced are as follows, Board of Trustees (7), the Minerals Management Board (7) , Ludzidzini Council (20), Civil Service Commission (5) , Liqoqo Council (20), the Land Management Board (5) and the Teaching Service Commission (5). The National Chief Defence Officer was also announced. The newly appointed Board of Trustees members are as follows: Neal Rikjernberg (Finance Minister and Chairperson), Princess Tiyandza, Chief Ndabankulu Simelane, Chief Mgwagw...

PRE FINAL SALARY REVIEW REPORT RELEASED TO PSUs

Pictured Above: Ministry of Public Service and Administration Principal Secretary Mthunzi Shabangu (L) receiving the Pre Final Salary Review and Jobs Grading report from Emergency Growth/Umelusi Consulting's Siphephiso Dlamini (R). Picture credit: SNAT Platform. Written by Fundizwi Sikhondze The pre final draft report of the public service Salary Review and Jobs Grading report was released to the participants of Joint Negotiations Forum on Tuesday 9 th September 2025 by the consultancy team, a partnership comprising of Emergency Growth and Umalusi Consultancy. The report was symbolically delivered to the leader of the government negotiations team and Principal Secretary to the Ministry of Public Service and Administration, Mthunzi Shabangu. The Public Sector Unions, namely, National Public Service and Allied Workers Union (NAPSAWU),the Swaziland National Government Accountants Personnel (SNAGAP), Swaziland National Association of Teachers (SNAT) and the Swaziland Democratic ...

UNPACKING THE ESWATINI NATIONAL PENSIONS BILL,2025

Image Source: an image sourced online depicting a Pension Fund Written by Fundizwi Sikhondze The Eswatini Government released a Government Gazette Extraordinary dated 10 th July 2025 which turned out to be the long awaited Eswatini National Pension Fund Bill 2025. The Bill has been long awaited within the workers movement for several years as they have always campaigned for the conversion of the fund into a full pension, and in January 20205 the Eswatini Government cabinet had given a green light to the conversion of the Eswatini National Provident Fund (ENPF) into a pension. In their statement at the time they gave the Minister of Labour and Social Security the baton to ensure the achievement of the pension by introducing the necessary Bill in the legislature. It ought to be mentioned out rightly that the issuance of the Bill has not been received with equal excitement amongst workers particularly public service workers who have raised fears that the new Bil...

Eswatini Labour Insight

Search This Blog