Around 120,000 pensioners will see a 2.5% increase in their retirement benefits beginning in August, according to the Social Security Bank. This increase applies to both retirees and pensioners, adjusting their monthly payments. The Social Security Bank has clarified who is eligible for this adjustment and provided a payment schedule. The benefit increase will be reflected in payments distributed throughout August. These adjustments aim to support pensioners amid economic fluctuations and rising costs of living. Specific payment dates vary depending on individual circumstances and bank affiliations. Further details regarding the schedule are available through the Social Security Bank.