Pension increases for retired workers at An Post and eir have received ministerial approval.
It is part of separate pay deals agreed with the Communications Workers' Union (CWU) in April.
Under the terms of the respective pension schemes at An Post and eir, the payment of pensions increases required the approval of the Minister for Communications and the Minister for Public Expenditure and Reform.
That approval has now been granted.
Retired workers at An Post will see an increase in pensionable pay of 2% effective from 1 January 2024.
An Post has confirmed arrangements to increase pensions and pay arrears on the 22 November 2024.
Retired workers at eir will see an increase in pensions of 2.5% effective from 1 July 2024.
These pension increases will impact approximately 11,000 retired eir staff and 7,000 from An Post.
"Following representations made by the CWU to Ministers, approval of pensions increases under the current agreements has been expedited," said CWU General Secretary Seán McDonagh.
"We are pressing both companies and our Trustees to ensure all increases and arrears are now paid to pensioners without delay," Mr McDonagh said.
"We will be seeking to secure additional increases to pensionable pay for workers and to have these applied to pensioners at both An Post and eir in 2025," he added
The two-year pay deal at An Post announced in April provided for an 8% increase, paid in three phases.
The agreement will conclude on 31 December 2025.
The pay agreement at eir was finalised with the assistance of the Workplace Relations Commission (WRC).
It provided for an 11% increase in base pay over 33-months from 1 July 2024 for those earning up to €50,000, and 10% for workers earning up to €70,000.
