GSP 16-23 An Post Pension Increases

Description

I refer to GS Circular 14/23 which confirmed that An Post had received Ministerial approval to make the agreed payments to pensioners.

Following further engagement with the Company to ensure payment as soon as possible, I am pleased to confirm that all three increases have been processed and paid with the September payment, together with payment of the arrears, which apply retrospectively as follows.

• 5% from 1^st January 2022
• 2% from 1^st January 2023
• 1% from 1^st July 2023

For Pensioners that retired on or after 1^st January 2022, the individual recalculation of pension and lump sum will take a while longer. However, the company has advised that as each individual calculation is completed the Company will make the payment in the next payroll run, rather than waiting until all are complete.

Following the finalisation of the above there are a few remaining issues to be implemented such as the agreed changes for Superannuation on Health Grounds and Actuarial Reductions. We are in discussions with An Post and the Union intends to finalise these discussions as soon as possible and we will advise separately once they are concluded.

Publication Type: Circular