Dear pensioner

Our commitment to caring for you means that we strive to deliver on our pension promise while also safeguarding the long-term sustainability of the Fund. We are pleased to let you know that an annual pension increase and once-off discretionary bonus have been approved by EPPF’s Board. 
 
EPPF’s pension increase process 
Pension increases are determined in line with our Pension Increase Policy and EPPF Fund Rules. These provide for pension increases linked to inflation, as measured by the headline Consumer Price Index (CPI), on 30 September of the calendar year. The minimum pension increase should be no less than 60% of the CPI in any single year. CPI was 3.4% on 30 September 2025.  
 
Considering CPI and affordability, EPPF’s Board has approved a pension increase of 3.4%. This is equivalent to 100% of CPI. 
 
Pension increases can vary year by year 
While pension increases are intended to help you keep pace with inflation, they can vary depending on the Fund’s performance, affordability and other economic factors. We aim to protect your interests by balancing inflationary pressures with the need to ensure the long-term sustainability of the Fund. 
 
Pension increase of 3.4% from 1 January 2026 
The approved pension increase of 3.4% will apply to all pensions, effective 1 January 2026.  

• The increase will start with your 1 January 2026 pension payment. 
• The increase will reflect in your December 2025 payslip. 
• If you began receiving a pension after 1 January 2025, you will receive a prorated increase (according to the number of months your pension has been paid during the year). 

EPPF’s Board is pleased to have been able to approve a full CPI increase once again this year. This, together with the prior year pension increase adjustments, ensures that all pensioners have received full inflation-linked pension increases over at least the last 20 years. 
  
Pension bonus per household 
EPPF’s Board has, after considering affordability, approved a once-off discretionary pension bonus per household as follows: 

• R8 150,00; plus 
• A special bonus payment of R8 150,00, given the good investment performance for the year. 
• This total bonus of R16 300,00 will reflect in your November 2025 payslip.  
• This bonus will be paid with your 1 December 2025 pension payment. 
• If you began receiving a pension after 1 December 2024 you will receive a prorated bonus (according to the number of months your pension has been paid over the year). 

EPPF’s Board is pleased to have been able to approve a sizeable bonus this year. We hope this goes a long way in assisting pensioners financially. Bonuses are discretionary and only considered by the Board when it is affordable, considering long-term sustainability of the Fund. This means that in years where it is not affordable, bonuses will not be paid. 
 
Pensioner engagement sessions 
EPPF’s team is always excited and ready to meet with you. We regularly schedule in-person and online sessions. Please look out for communication about these sessions. If you’d like to update your contact information, especially if you’ve changed your details recently, please get in touch with us using a channel of your choice. You’ll find all the options by clicking on this link to the contacts’ page on our website.   

Kind regards

The EPPF Team