Dáil Éireann Debate, Tuesday - 28 November 2017
140. Deputy Michael McGrath asked the Minister for Public Expenditure and Reform if he will address a matter raised in correspondence (details supplied) regarding the financial emergency measures in the public interest legislation; and if he will make a statement on the matter. [49899/17]
Amharc ar fhreagraThe matter raised relates to pension increase policy as it will apply to public service pensioners who have retired post end-February 2012. Section 6.2 of the Public Service Stability Agreement 2018-2020, which was published on 8 June 2017 at the conclusion of the public service pay talks, indicates that, over the duration of that agreement, for those who retired or will retire post end-February 2012, to the extent that they retired on salaries for pension award purposes, they will receive pension increases in line with pay increases received by their peers currently in employment in accordance with the terms of the collective agreement.
This means that, over the period of the agreement, pensions in payment will increase in line with pay increases where necessary to ensure that those pensions are equal to the pensions being awarded to same-grade retiring staff.
The FEMPI reversal measures, including any pay increases under the agreement and further Public Service Pension Reduction (PSPR) amelioration, will apply from their operative date only.
