Dáil Éireann Debate, Tuesday - 27 June 2023
240. Deputy Colm Burke asked the Minister for Public Expenditure, National Development Plan Delivery and Reform to clarify the current position with the An Post pension fund which was set up in 1983, wherein there has been no increase in payment since the economic downturn in 2008; and if he will make a statement on the matter. [30521/23]
View answerUnder the rules of An Post Main Superannuation Scheme, pension increases may be granted subject to the authorisation of the Minister for the Environment, Climate and Communications with the agreement of the Minister for Public Expenditure, NDP Delivery and Reform.
There have been four increases to pensions under the An Post Main Superannuation Scheme since 2008. These are detailed in the table below and include the effective date of each increase.
The procedures for Ministerial Consent for a pension increase are outlined in the Amendments to the Annex on Remuneration and Superannuation of the Code of Practice for the Governance of State Bodies, which were introduced by this Department’s Circular 16/2021.
In accordance with the Code of Practice, An Post must first seek the approval of the Minster for the Environment, Climate and Communications. If the event that the Minister approves an increase his Department will seek the agreement of the Minister for Public Expenditure, NDP Delivery and Reform.
No request for my agreement to an increase to An Post pensions has been received from the Department of Environment, Climate and Communications since my approval of the previous increase request, which was for 2% effective from the 1st January 2022. When a request for my agreement is received it will be given due consideration.
Increases to An Post Pensions Since 2008
|
Increase |
Effective from |
|
2.00% |
01/01/2022 |
|
2.50% |
07/02/2020 - This increase applied to 1,519 Postal Operatives pensioners |
|
1.70% |
01/05/2019 |
|
0.80% |
01/08/2017 |
