On 1 January 2018, public service pensions impacted by the Public Service Pension Reduction (PSPR) qualified for an effective increase by way of a lessening or amelioration of PSPR, as required under the Financial Emergency Measures in the Public Interest Act 2015. I understand that such increases have, in general, been implemented through pension payrolls across the various public service sectors.
Separate from these PSPR-based adjustments, some public service pensions qualify to be increased on foot of the 1% public service pay increase which took place on 1 January 2018.
That pay increase is one of a series of basic pay increases over the period 2018-2020 set out in the Public Service Pay and Pensions Act 2017 and the Public Service Stability Agreement (PSSA) 2018-2020. Those pay increases, including the 1% on 1 January 2018, will apply to qualifying public service pensions insofar as that is in line with the public service pensions increase policy adopted by Government for the period to end-2020 and set out in paragraph 6.2 of the PSSA 2018-2020. The relevant pension increases will be effective from the same dates as the pay increases.
My Department issued a circular on 29 January 2018, DPER Circular 02/2018, which authorises and gives guidance in relation to the application to qualifying pensions of these pay increases, including the 1% pay increase on 1 January 2018. Any pensions which are due to be increased on foot of the January 2018 pay increase, and have not yet been adjusted, should have that increase applied shortly, including arrears due to the start of the year.