The pensions paid by the Funds are guaranteed and the Trustees of the Funds are responsible for granting pension increases on an annual basis. Pension increases are not guaranteed and the Trustees’ ability to grant pension increases depends on the financial position of the Funds.

While annual pension increase cannot be guaranteed, the Trustees’ policies are to grant pension increases equal to 100% of Headline Inflation as at 31 March each year, subject to the Funds’ ability to afford increases. Pension increases are granted effective 1 July every year.

The Trustees have implemented investment strategies with the objective to produce the investment returns required to support pension increases as stated in the pension increase policies. For more information about the investment strategies employed, please contact the Principal Officer ([email protected])

The Fund’s most recent pension increase letters can be found under the Fund Communication page.