Phased Approach to PSSF Pension Lump-Sum

The Government announced a “phased approach to changes in the lump-sum conversion factor alongside a cash protection guarantee under the Public Service Superannuation Fund [PSSF], reducing the immediate impact on public officers who are employed and eligible for retirement on March 31 2027.” A Government spokesperson said, “The PSSF reforms provide for the lump-sum conversion …

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