PTSB and its group of unions have agreed a new pay deal for staff at the bank.
The proposals include a 4% pay agreement divided evenly between a “general increase” and a “performance” pay model which is backdated to 1 January 2025.
There will be an increase to entry level salaries to €29,580, as well as increases to the existing grade minimum and maximums.
From July to December 2025, a special representative grouping will work on the bank’s present Performance Evaluation System.
The agreement was reached on pay negotiations for 2025 following acceptance by members of the Financial Services Union (FSU), Mandate and Unite.
In a joint statement, PTSB and unions said the pay agreement was supported by an independent mediator, and followed what have been described as significant and extensive negotiations over the past number of months.
“The bank and group of unions welcome the acceptance of this pay agreement by the members and acknowledge the extensive work and effort that took place between all parties to reach this agreement,” according to the joint statement.
