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Military Pensions Update – 3% increase due Dec 2022

Posted On November 16, 2022 at 10:25 am by / Comments Off on Military Pensions Update – 3% increase due Dec 2022

**Military Pensions Update**

Message about when the benefit of the recently approved Building Momentum increases will be implemented for military pensions

As indicated by the Minister for Defence at the Foreign Affairs and Defence Select committee last Thursday 10 November, work is underway to implement these increases.

Due to the complex and non standard nature of the Defence Forces pension arrangements payment of the relevant increases in such a short timeframe is a significant challenge.

However, absolutely every effort is being made to include the benefit of the 2 February 2022 increase of 3%, plus the relevant associated arrears in the December payroll, which is scheduled to be paid on the earlier date of Monday 19thDecember 2022.

This is the bulk of the payments that are due.

The second increase, of 1% (or €500, whichever is greater) due from 1 October 2022 will be paid as soon as possible in the first quarter of 2023.

Pensions Section
Department of Defence
15 November 2022

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