Financial Services Union to ballot members in AIB on pay proposals

3.5% - 5%  pay increase and €1,000 voucher core part of proposals

The Financial Services Union (FSU) and AIB have reached an agreement on pay proposals for 2026. The agreement is subject to a  ballot of FSU members in AIB. The ballot will open this Friday 13^th and will be open for 2 weeks, closing at 4pm on Friday 27^th   

Only FSU members in AIB will be eligible to vote in the ballot.

The proposals include:

• 3.5% pay increase pot split 1.75% as fixed and 1.75% as performance
• Minimum underpin increase of €1500/£1350
• €1,000/£900 voucher
• Foley job security agreement extended

Commenting on the outcome of negotiations Gareth Murphy, Head of Industrial Relation and Organising at the FSU said:

“Following intensive negotiations over the last 2 weeks we have reached a set of pay proposals to put forward to members in AIB to ballot.  These are recommended and supported by the FSU.

The FSU were clear in our demands, based on feedback from our members that any pay proposals would have to recognize the work , dedication, and professionalism of our members and take account of the  profits announced by the Bank over the last twelve months.

The proposal includes an overall 3.5% increase with lower paid staff receiving a pay increase of 4-5% plus €1,000 voucher and for those over the minimum underpin they receive a 3.5% increase and €1,000 in vouchers.

The Bank has also agreed to pay the increased VHI premium, circa €600, which is of significant value to members in the Republic of Ireland and our clear understanding throughout the negotiations was we expect a full variable pay payout of 5% this year in addition to these proposals.

We will be holding a number of members meetings to outline the proposals and to answer members questions over the coming weeks.”

ENDS