Oireachtas Joint and Select Committees

Wednesday, 16 February 2022

Committee on Budgetary Oversight

Indexation of Taxation and Social Protection System: Discussion (Resumed)

Ms Jasmina Behan:

Regarding other types of pensions, in the context of public service pensions, there are two different cohorts and different indexation policies. For those who are members of the single scheme, or the single public service pension scheme, their pensions, under section 40 of the Public Service Pensions (Single Scheme and Other Provisions) Act 2012, are updated in line with the increases in the consumer price index. For those whose service began predating 2013, their pensions are increased in line with pay increases, where necessary, to ensure that they are equal to the pensions being awarded to the same grade of retiring staff.

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