ARCO’s Pension Update – October 2021

Pensions and pension related issues remain a key focus of the EXCOM’s endeavours on behalf of the members of ARCO.

On 28 September 2021, following a request from the EXCOM in advance of ARCO’s Annual General Meeting, Finance Branch of the Department of Defence provided a comprehensive update on the current position and time-frame for the implementation in military pensions of the benefits from:

  • Increases in Military Service Allowance (MSA) introduced with effect from 04 July 2019,
  • Restoration of Public Service Pension Reductions (PSPR) under the Financial Emergency Measures Public Interest Acts (FEMPI), and
  • Increases arising from the ‘Building Momentum’ Public Service Agreement 2021 – 2022.

Link to Update

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