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Pensions Contributions Increase

By DPF Admin4th March 2014March 4th, 2024Area Updates, Circulars, Latest News, Northern Updates, Southern Updates

Members are advised that the final increase in pension contributions (expected to be no more than .6%) will take effect on 1 April 2014. As you are aware, members of the Public Service Pension Schemes have been subject to increases since 1 April 2012 and this is the final increase as the new pension scheme will be implemented in 2015.

We have consistently attempted to negotiate on the Net Pay Deduction and argue that it should, at least, be adjusted to take into consideration the additional contributions that members have to make to their pension. However, although the Department commissioned the Government Actuaries Department to review the NPD over a year ago we have yet to receive a copy of the report. Consequently, negotiations cannot proceed until such times as the report has been completed and the recommendations known but we are hopeful of sighting it by the end of February.

DPF is fully aware of the impact on members take home pay and will continue to endeavour to resolve this matter as quickly as practicably possible.

Updates will be forthcoming in the usual manner via Circulars and publication on the DPF website. You are therefore urged to register and opt to have messages sent to you directly so you can keep abreast of the latest developments.

John Regan – General Secretary

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