Dáil Éireann Debate, Thursday - 8 September 2022
462. Deputy Ged Nash asked the Minister for Public Expenditure and Reform if he will provide an update on the approval for an increase in the pensions and deferred pensions for members of the An Post superannuation scheme by 2% per annum; if he will provide an update on the timeline for the agreed pension increase; and if he will make a statement on the matter. [43555/22]
Amharc ar fhreagraUnder section 46 of the Postal and Telecommunications Services Act, 1983, and the rules of the An Post Pension Scheme, pension increases or alterations to the schemes are subject to the authorisation of the Minister for Environment, Climate and Communications given with the concurrence of the Minister for Public Expenditure and Reform.
An Post formally sought Ministerial approval on 4 May 2022 to increase pensions in payment and deferred pensions for members of the An Post Superannuation Scheme by 2% per annum with effect from 1 January 2022 and up to a further 2% per annum with effect from 1 January 2023.
In line with the Code of Practice for the Governance of State Bodies 2016 and Department of Public Expenditure and Reform Circular 16 of 2021 the authorisation of the Minister for Environment, Climate and Communications for the 2% per annum pension increase from 1 January 2022 has been communicated to my Department and a request for my concurrence was received from the Department of Environment, Climate and Communications on the 5th September 2022.
Officials in my Department are currently reviewing the business case provided by the Department of Environment, Climate and Communications and a determination will be made shortly.
The business case for the 2% per annum pension increase with effect from 1 January 2023 will be reviewed by the Department of Environment, Climate and Communications and by my Department in 2023 as pension increases cannot legally be approved in advance.
