GSE 09-24 Approval of 2.5% Pension Increase
04/November/2024
Description
Arising from the acceptance by members of the pay proposals in eir, a 2.5% pensionable increase effective from the 1st July 2024 applies to staff. As is the norm, the Union sought the application of this increase to be paid to retired members at the earliest opportunity.
The increase to pensioners requires the approval of the Minister for Communications and the Minister for Public Expenditure. The Union made representations to both requesting their early attention to the matter and to expedite the process.
I am very pleased to confirm the approval to pay the 2.5% pension increase effective from 1st July 2024 to retired colleagues has been granted. The process of calculating pension increases and the arrears will commence and the Trustees will communicate when completed.
The CWU has impressed on the company and trustees the need to make the payment of the increase and arrears as soon as possible.
We will inform members when a payment date is available.