Pension increases (Bank of Ireland section members only)

The table below provides a summary of the pension increases:

Converted pre-1988 guaranteed minimum pension (GMP)	No increase.
Converted post-1988 guaranteed minimum pension (GMP)	Increases in line with the Consumer Prices Index (measured annually in September) up to a maximum of 3% each year.
Pension in excess of guaranteed minimum pension (GMP) for pensionable service up to 5 April 1997	Increases in line with the Retail Prices Index (measured annually in December) up to a maximum of 3% each year.
Pension accrued from 6 April 1997 until 5 April 2005	Increases in line with the Consumer Prices Index (measured annually in September) up to a maximum of 5% each year.
Pension accrued from 6 April 2005	Increases in line with the Consumer Prices Index (measured annually in September) up to a maximum of 2.5% each year.

Note 1: These increases do not apply to benefits in respect of additional voluntary contributions, transfers in or discretionary benefits.