Message from Pensions Financial Administration, Department of Defence:
INCREASES TO MILITARY PENSIONS – POSITION AT 20 MAY 2024
(a) Pensions under the post-2013 Single Pension Scheme are uprated in line with the Consumer Price Index (CPI), subject to a separate instruction from the Department of Public Expenditure NDP Delivery and Reform.
The benefit of a 4.6% CPI-based increase is now reflected in all Single Scheme military pensions, with effect from 1 January 2024.
(b) For those pensions not part of the Single Pension Scheme the principle of pay parity in pension increases for pre-existing public service schemes has been agreed up to 30 June 2026 in line with the Public Service Agreement 2024-2026.
Under the policy of pay parity, the benefit of general round pay increases are passed on to pensions. Where applicable, the benefit of salary increases awarded to serving public servants are passed on, as appropriate, to the pensions of persons who have retired on an equivalent grade and pay scale point.
Due to the unique, atypical nature and structure of the Defence Forces’ pension schemes and payrolls, the implementation of pension increases for military pensions is complex and challenging and is a significant administrative undertaking for the Department and its payroll provider (NSSO).
The following table gives details of the relevant Pay increases for 2024 and the associated dates it is hoped to implement the relevant appropriate benefit to DF pensions.
Pay Measures for 2024
Date for implementation of benefit for DF pensions (in brackets)
1 January 2024*
A general round increase in annualised basic salary for all public servants of 2.25% or €1,125, whichever is greater. (May 2024.)
1 June 2024
A general round increase in annualised basic salary for all public servants of 1%. (June 2024)
1 October 2024*
A general round increase in annualised basic salary for all public servants of 1% or €500, whichever is greater. (As soon as practical after it has been implemented for serving personnel.)
*IMPORTANT: It is the relevant percentage increase in pay that determines the amount of increase that will apply to the related pension. This does not equate with the actual monetary increase (e.g. €1,125 or €500) that may be received by serving personnel.
Pensions Financial Administration
Finance Branch
An Roinn Cosanta
Department of Defence
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