Skip to main content

PUBLIC SERVICE PENSIONERS GET 4.2% COLA

Image: Pension depicting image sourced online
 

The Public Services Pension Fund (PSPF) announced on Monday 11th August 2025 that they will  adjust the monthly annuities to the close to 11 000* retired public services workers by 4.2% in respect to a Cost of Living Adjustment (COLA) for the year 2025. The announcement further stated that the adjustment would be effected on August 2025 and will be backdated to April 2025. 

The spouses (around 7356*) and dependents (around 7267*) of deceased pensioners are also expected to benefit from the COLA adjustment.

The retired public service workers who are beneficiaries of the PSPF include retired central administration officers, retired teachers, retired nurses as well as other public health services workers, retired prisons wardens, retired police officers, retired army officers and retired educators from basic education institutions as well as public colleges.  

Cautious excitement

The news was met with a sense of cautious excitement by the affected pensioners. The Eswatini daily newspaper ,the Times of Eswatini reported on their Tuesday 12 August 2025 edition that the President of the Swaziland Public Service Pensioners Association (SPSPA) Elliot Mkhatjwa had stated that even though they as the pensioners accept the COLA however they also want to have their monthly annuities comprehensively reviewed by the PSPF. He said, "What I can say is that although we are happy with the adjustment ,we now want a review that will increase our pensions". 

The PSPF is currently the largest retirement fund in Eswatini with as asset base of E34.4 billion* and is reported to have distributed around E1.6 billion* to retired public service workers ,to spouses and beneficiaries of deceased pensioners in the year 2024.

Comments

Post a Comment

Popular posts from this blog

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...
Post a Comment
Read more

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 ...
Post a Comment
Read more

KING APPOINTS RUSSEL MMISO DLAMINI AS PRIME MINISTER OF ESWATINI

  Russel Dlamini after being appointed as the Prime Minister of Eswatini (picture credit: Eswatini Government Social Media platforms) On Friday 03 November 2023 the Head of State of Eswatini King Mswati III appointed Russell Mmemo Dlamini as the Prime Minister of Eswatini. Dlamini has been holding the all-important position of Chief Executive Officer (CEO) at the parastatal, the National Disaster Management Agency (NDMA) since 2015. Before joining the NDMA Dlamini worked at global NGO World Vision both in Eswatini and in Rwanda where he held positions such as Programmes Development Manager (2003-2005), Director: Quality Assurance (2006 – 2009),Integrated Programmes Director (2009- 2010) and Interim National Director (2010) as well as the Integrated Programmes Director in Rwanda between (2010-2014). Dlamini’s tenure at the NDMA particularly gained national prominence during the COVID-19 period when the agency served as the strategic centre for the containment of the pandemic to ...
Post a Comment
Read more