Security staff at ICC Bank are threatening industrial action because of a refusal by management to pay the cost of living increase due under the Programme for Prosperity and Fairness. The company has refused to pay the increase because of a dispute over pensions, which it regards as a cost-increasing claim disqualified under the PPF. SIPTU branch secretary Ms Chris Rowland says the improvements being sought in pensions would bring the ICC in line with other banks and is allowed under the PPF. A strike ballot is possible as early as next week.