% of households with €1m+ net wealth has doubled in the last eight years

[Itchy]

Maybe it's the case that they don't want to look into this too much, "ignorance is bliss " approach

Its €3.2bn for 2023.

Department of Public Expenditure and Reform - Databank - Expenditure

 

[T McGibney]

It makes no sense to count prospective future earnings as wealth. If we do that, we'll probably conclude that the richest cohort in society is newborn babies, whose collective earnings circa 2060 to 2080 should dwarf ours.

 

[Itchy]

Its €3.2bn for 2023.

Department of Public Expenditure and Reform - Databank - Expenditure

DPER also publishes the Revised Estimates. For 2022, it shows that the PS pensions bill declined by 1.8% vs. 2021. You could also subtract the additional taxation raised by PS employees to calculate the net cost.

 

[Protocol]

If people are interested in the costs/value of PS pensions, this may be helpful:

https://paycommission.gov.ie/wp-content/uploads/DPER-pensions.pdf

 

[NoRegretsCoyote]

It makes no sense to count prospective future earnings as wealth

No one counts earnings as wealth, as you have to work to earn.

A pension is an accrued property right which is not contingent on you working so, yes, it is indeed a form of wealth.

 

[Purple]

It makes no sense to count prospective future earnings as wealth. If we do that, we'll probably conclude that the richest cohort in society is newborn babies, whose collective earnings circa 2060 to 2080 should dwarf ours.

No one counts earnings as wealth, as you have to work to earn.

A pension is an accrued property right which is not contingent on you working so, yes, it is indeed a form of wealth.

There's an argument to be made either way. It's not an asset in that it's not something that can be sold etc but it's certainly not nothing.

 

[joe sod]

Its €3.2bn for 2023.

Department of Public Expenditure and Reform - Databank - Expenditure

But still need more information, what is the average number of years a retired public servant or their spouse draws down this pension. You would need this information to calculate the wealth effect of having such a pension?