Mauritius | New National Pensions Fund (NPF) scheme effective 1 July 2027
Mauritius's Budget Speech 2026/27 (presented 19 June 2026) will introduce a new defined-contribution National Pensions Fund (NPF) scheme effective from 1 July 2027, replacing the existing CSG and Portable Retirement Gratuity Fund.
What is changing
Cessation of existing pension schemes and introduction of new NPF
- The current CSG (social contributions) and Portable Retirement Gratuity Fund will cease with effect from 1 July 2027.
- They will be replaced by a new defined-contribution National Pensions Fund (NPF).
- The NPF will cover private sector employees, self-employed persons, household employees, and other eligible worker categories.
Employee contribution rates
- For employees earning up to Rs 50,000 per month: 1.5% of basic salary will apply.
- For employees earning more than Rs 50,000 and up to Rs 225,000 per month (8 times median earnings): 3.0% of salary will apply.
Employer contribution rates
- For employers of employees earning up to Rs 50,000 per month: 7.5% will apply.
- For employers of employees earning more than Rs 50,000 and up to Rs 225,000 per month: 10.5% will apply.
Periodic review of contribution rates
- The Pensions Regulator will review the initial contribution rates periodically to assess their adequacy.
Consequential legislative amendments
- The Worker's Rights Act will be amended to abolish contributions to the Portable Retirement Gratuity Fund with effect from June 2027.
- The Social Contributions and Social Benefits Act will be amended to discontinue the payment of retirement benefits and the collection of social contributions with effect from June 2027.
Official source