Around 7,000 retired workers at An Post are set to benefit from a pension increase that has been agreed at the company.
An Post pensioners will see further increases in their pensions of 7% this year, with 6% effective from 1 January 2025 and 1% from 1 June 2025.
The 2% cap on pension increases under the An Post Pension accord will remain in place from 1 January 2026.
Also as part of the deal, the full extent of pay increases at the company over the last three years will be reflected in the pensionable pay of An Post workers.
The agreement follows an actuarial review of An Post Pension Scheme covering three years up to 31 December 2024.
The Communications Workers Union (CWU) said that following engagement between the Group of Unions at An Post and the management, the gap between pensionable and non-pensionable pay at An Post has been eliminated.
"The gap between pensionable and non-pensionable pay has been an important issue throughout pay negotiations at An Post," said CWU General Secretary Seán McDonagh,
"The latest round of these negotiations secured a total of 8% between 1 January 2024 and 31 December 2025."
"However, pension increases were restricted to 2% for each of these years under the An Post Pension Accord."
"We have now succeeded in fully eliminating the gap with the effect that the full amount of pay increases secured over the last three and a half years, are fully reflected as pensionable pay for An Post workers," Mr McDonagh said.
