Pensioner/ pension recipient and dependant pension’s recipient for federal services, state; and; statutory bodies and local authority’s pensioner who received pension in year 2012.
Payment will be made by January 2013 for pensioner/ pension recipient and dependant pension’s recipient who have received monthly pension in year 2012.
Pension adjustment will be calculated from the pension paid in the previous year (2012).
The retiree does not eligible for the adjustment and he/she will receive such adjustment in year 2014.
No. In contrary, the pensioners/ pension recipient and dependant pension’s recipient will continue to enjoy 2% pension adjustment yearly.
Calculation formula: [Current pension + (current pension amount) x 2/100)]. Example of pension adjustment calculation based on 2% increase:- Mr Ahmad received pension RM1,000.00 monthly in year 2012. How much pension does he receive from year 2013 until 2016?
2013 pension: RM1,000.00 + (RM1,000.00 x 2/100) = RM1,020.00
2014 pension: RM1,020.00 + (RM1,020.00 x 2/100) = RM1,040.40
2015 pension: RM1,040.40 + (RM1,040.40 x 2/100) = RM1,061.20
2016 pension: RM1,060.20 + (RM1,061.20 x 2/100) = RM1,082.43
Yes, they are eligible for the 2% pension adjustment based on the Act and law applied to them.