On Friday, the Government introduced the Pensions (Increase) Amendment Act 2026 to provide a 10% increase in pensions for public sector retirees, effective from 1 April 2026. Public sector pensions have been frozen since 2014, and this increase is another promise made to retirees that the Government is delivering on.
The Hon. E. David Burt, JP, MP, Premier and Minister of Finance, said, “This increase recognises the service of public sector retirees and delivers additional financial support, while also reflecting our responsibility to ensure the long-term sustainability of the pension fund.”
Payments will begin in October 2026 and will include retroactive amounts back to April 2026, ensuring there is no loss to retirees because of the implementation timeline. The increase was made possible because the Public Service Superannuation Fund (PSSF) has been stabilised through the Public Service Superannuation (Stabilisation) Amendment Act 2025, which placed public sector pensions on a stable financial footing.
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