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Pension Provisions

Dáil Éireann Debate, Tuesday - 18 April 2023

Tuesday, 18 April 2023

Ceisteanna (225)

Brendan Griffin

Ceist:

225. Deputy Brendan Griffin asked the Tánaiste and Minister for Defence if clarification will be provided on a matter (details supplied); and if he will make a statement on the matter. [17016/23]

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Freagraí scríofa

As you know the extended Building Momentum Agreement was agreed in the latter part of 2022 and included three increases to serving personnel.

The primary increase backdated to February 2022 was implemented in December 2022. This was a considerable achievement given the complex nature and structure of Defence Forces pensions.

A decision was taken to implement the October 2022 and March 2023 increases together. This was done for practical and operational reasons due to the complexities, as referred to above, in recalculating the various elements that build up DF pension entitlements, and to avoid or reduce the risk of any potential overpayments arising.

I can confirm that work is well underway and that the target is to have the benefit of these two increases implemented by the May 2023 payroll.

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