Ciruclar 17/2013 - Letter from DPER regarding Pensions
 

Dear Branch Secretary

Please see attached a letter from the Secretary General of the Department of Expenditure and Reform (Robert Watt) regarding pensions.

The key elements from the letter are:

• A grace period for retirements up to the end of August 2014
• An increase in the Public Service Pension Reduction (PSPR) to be applied to pensions over €32,500 for those who retired before the end of February 2012
• A new separate rate will be introduced for pensions over €32,500 for those who retired since 1 March 2012
• Serving staff who retire before the end of August 2014, on pensions of €32,500 or more, the effect of this measure will be to reduce their pension by the amount of the new PSPR, but their lump sum will be unaffected
• Pension reductions will be in the range of between 2% and 5%

When the Association has more details, members will be informed.

Please circulate to all members.

Regards

Dave

Dave Thomas
General Secretary