I propose to take Questions Nos. 449, 455 and 465 together.
In line with the Code of Practice for the Governance of State Bodies and the Regulations of the EirGrid Pension Fund, pension increases for defined benefit pension schemes operating under the EirGrid Pension Fund require the approval of the Minister for Climate, Energy and the Environment and my consent.
The Department of Climate, Energy and the Environment confirmed the approval of the Minister for Climate, Energy and the Environment on 19 March 2026 and sought my consent for an increase to pensions in payment and deferred pensions under the EirGrid Pension Fund, effective from 1 April 2023.
I have provided my consent for this 4% pension increase and this was communicated to the Department of Climate, Energy and the Environment on 23 April 2026. The payment of the pension increase is a matter for EirGrid and the trustees of the EirGrid Pension Fund.