The purpose of this Bill is to give formal legislative approval for an increase in military service pensions arising from the 1963 Budget. The increase is 5 per cent, the same as that granted generally to State pensioners, and it is being paid with effect from the 1st November, 1963. A Supplementary Estimate approved by Dáil Éireann on the 28th November, 1963, enabled the payments to be commenced.
The increase is costing £33,000 per annum.