The second pension increase of 1% is due for payment with effect from June 1st 2024. The pension issue of 5 June includes only a few days of this period, so we anticipate members will not see the full increase in pension until the pension issue of 19 June.

The next pension increase of 1% under the agreement will be paid with effect from 1 October next. This will bring accumulated increases of 4.25% since January 1st of this year.