Dáil Éireann Debate, Tuesday - 5 November 2024
124. Deputy Paul Kehoe asked the Minister for the Environment, Climate and Communications if he supports the streamlined process for pension increases to ensure fair and timely adjustments for retired members; and if he will make a statement on the matter. [44552/24]
View answerUnder section 46 of the Postal and Telecommunications Services Act 1983, the Minister for the Environment, Climate and Communications, with the concurrence of the Minister for Public Expenditure, NDP Delivery and Reform, approves any superannuation schemes submitted by An Post.
In accordance with the act and the relevant Code of Practice for the Governance of State Bodies, An Post must seek Ministerial approval from both MECC and MPENDR to increase pensions and deferred pensions. It should be recognised that the time taken for the pension approval process is necessary to ensure that robust governance procedures are in place.
The operation of the schemes is a matter between the management of An Post, staff representatives and the trustees of the schemes.
