Under the UNJSPF Pension Adjustment System, as adopted by the UN General Assembly, for monthly pension benefits that are payable on the basis of the US Dollar-Track, there will be a CPI (Cost-Of-Living) increase of 8.6 percent, effective the benefit for April 2022, payable at the end of April 2022. (For recent retirees this USA-CPI increase will be pro-rated, based on the commencement date of their UNJSPF pension entitlement.)
This increase is based on the upward movement of the official USA-CPI through end-December 2021, measured as from the date of the last such adjustment of 4.2 percent that had been applied in April 2020 (based on the USA-CPI at end-December 2019). Under the UNJSPF Pension Adjustment System, any CPI increase requires inflation of at least 2 percent as from the date of the last adjustment. For UNJSPF pensions that are payable on the local track for a country other than the USA, any possible CPI increase will depend on the official published CPI data for that respective country of residence.
Sincerely,
John Dietz, President
AFICS/NY
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UNJSPF News & Announcements 28 Feb 2022:
Cost-of-living Adjustment to the US Dollar Track in April 2022