Thank you , opusYes it does. Also if you retired after Jan 1st, 2024 your lump sum would also go up by 2.25% as well. Just FYI.
Best,
Opus2018
Hi OpusYes it does. Also if you retired after Jan 1st, 2024 your lump sum would also go up by 2.25% as well. Just FYI.
Best,
Opus2018
Hi November16,Hi Opus
If a civil servant retired in December 2024, would they be eligible for the March 2025 2% pay rise or would they have to be working in March 2025 to be eligible. This was mentioned here previously eg “retire within 3 months of a wage rise in an agreement you could have this new calculation be included as part of final salary
Thanks very much Opus2018 much appreciatedHi November16,
A very good question! Now that you mention it, I have a vague memory that if you retired during the financial crisis you could retire at the higher rate of pay, but I don’t about your specific query . I’ll check this out and get back to you on this point.
Best,
Opus2018
Hi november16,Thanks very much Opus2018 much appreciated
Thanks very much Opus for getting back with this information yes that makes sense. Yes hanging on would be advisableHi november16,
Just coming back to you on your query - Sorry for the delay!It looks like you have to be in service to avail of the increase in the lump sum. You will get the increase in your pension from the date of the pay increase though assuming the Minister OK's it.
That's why people close to retirement hang on for the last pay increase to get the boost to the lump sum.
Hope this helps,
Best,
Opus2018.
You’re most welcome! Keep a close eye on matching your retirement date to the next round of pay increases given the new Public sector pay deal!Thanks very much Opus for getting back with this information yes that makes sense. Yes hanging on would be advisable
1% is linked to work practice changes and these do not pass on to people already retired before the time of that 1% increase . There is another 2% agreed for the follow on deal in 2 years time in similar work practice changes .Does the recent public / civil service 10.25 percent - apply to retired public / civil servants as well ?
Minister Donohoe confirmed that the pay rise will be applicable to new entrants to public service such as Gardaí and Teachers and that the benefits will also be passed on to pensions for those already retired from public service".
Are you sure?1% is linked to work practice changes and these do not pass on to people already retired before the time of that 1% increase
That’s always been the case, even when pay rises have been linked to productivity.Are you sure?
I’d imagine if the increase is applied to a given grade or class of worker then pensioners who retired at same level would get it the increase.
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