Pension Restoration

Following on from consultations with representatives of The Alliance of Retired Public Servants, of which ARCO is a member, the Government has announced an easing in Public Service Pension Reductions.

The changes provide for some restoration of pension income on a phased basis over three years as follows:

1 January 2016 – return of €400 to most PSPR-impacted pensioners

1 January 2017 – return of €500 to most PSPR-impacted pensioners

1 January 2018 – return of €780 to most PSPR-impacted pensioners

The full statement on the matter from the Minister for Public Expenditure and Reform may be read here.

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