Attention Retirees and Beneficiaries: Cost of Living Adjustment for the US Dollar Channel in April 2023

Attention Retirees and Beneficiaries: Cost of Living Adjustment for the US Dollar Channel in April 2023

As of March 1, 2023, the Fund Secretariat has informed that the Cost of Living Adjustment (COLA) system for pensions will be changed effective April 1, 2023.  This adjustment is made in accordance with the Consumer Price Index as published by the U.S. Bureau of Labor Statistics (BLS) and will result in a 6.4% increase in the retirement benefit for colleagues who have opted for the dollar track.

As of April 1, you will be able to find all the details of your retirement benefit by accessing your personal file on the Fund’s website Member Self-Service (MSS) .

If you have opted for the two-track system, your pension amount will be adjusted by taking into account the Consumer Price Index movements in your country of residence. For more information on the two-track system, you can find all the information at https://www.unjspf.org/for-clients/two-track-pension-adjustment-system/