Effective 1 April 2025, retirees/beneficiaries in the following seven countries will have the option to elect the two-track: Aruba, Cambodia, Ecuador, Grenada, Maldives, Oman, and United Arab Emirates.

In accordance with Paragraph 26(c) of the Pension Adjustment System, the Chief Executive of Pension Administration may, under certain conditions, reinstate the two-track in a country where it had previously been suspended. To reinstate the two-track in a country, the economic conditions within that country must create a situation where the local currency track benefit will, going forward, be expected to consistently preserve the purchasing power of the monthly pension benefits in that country.

Ecuador and Grenada will be reinstated following prior suspensions. Aruba, Cambodia, Maldives, Oman and United Arab Emirates will be placed on the two-track for the first time.

To find out more, visit the two-track web page here. Please consider contacting the Fund to obtain an estimate.