Benefit Accrual Rate increase - Effective April 1st

Notice Benefit Increase

Effective April 1st 2015, the Benefit Accrual Rate for Credited Future Service increased from 1% to 1.25%. The Benefit Accrual Rate is applied to contributions made on behalf of participants to determine the amount of monthly benefit that will be payable at retirement. This increase will apply to contributions for hours worked after April 1, 2015.

For more details on this increase, please follow the below link to view the CPF Report.

CPF Report: Notice of Increase in the Benefit Accrual Rate.

Back to announcements