Lower pension contribution for POA members

The POA Board determines the annual premium and how it is divided between the employer and the employee. In March this year, the Board decided to reduce the total pension premium from 18.1 to 16.5 per cent. Following a consultation with the employer and employee organisations, it was decided in May 2026 that the reduction of 1.6 percentage points would be divided equally between the employer and the employee. The change applies retrospectively from 1 January 2026.

The reason for the reduction is that POA has a solid financial position after several years of good returns and operating surpluses. At the same time, the introduction of life expectancy adjustment and new coordination rules in the public pension system means that the expected future costs of the scheme will be lower going forward.

The new rates from 1 January 2026:

• Employee (you): 2.6 per cent of the pension basis / 3.1 per cent with AFP (previously 3.4 per cent without AFP / 3.9 per cent with AFP)
• Employer: 13.9 per cent of the pension basis

You get all this for 2.6 per cent

Even though you will now pay less, you keep exactly the same membership rights as before.

Membership of POA is an important part of your employment terms and includes:

• Lifetime retirement pension (paid for life, unlike many private schemes)
• Disability pension, which provides financial security if you become ill or injured
• Survivor’s pension, which provides financial security for your family if you die

You can log in to our website to check your membership history and calculate your future pension in the pension calculator.