Is it the scenario that in a few years they will just get nothing!!
..... however slashing pensions that individuals have long planned their retirement around is both unfair and wrong...
We have already slashed pay in the public service here. We've done it twice in fact.When I read about the exorbitant pensions our public service people are getting paid, eg td's mary harney 130k,, b cowen 150k, and so on and then I read that greece have slashed pensions and pay in the public service, why did that not happen here?
There are many, many people in the private sector with equivalent and larger pensions, particularly self-employed and business owners who control their own pensions.A lot of these pensions would cost in the region of 4-6million and would not be allowed in the private sector.
This is a very serious issue for public servants, and is leading many public servants I know to opt out of purchasing additional pension years. These Notional Service Purchase schemes are saving Govt money in the short term by reducing salary payments. If Govt don't provide more security and reassurance about the future, they will find more and more people opting out, so salary payments will increase.Is it the scenario that in a few years they will just get nothing!!
First cut; http://www.rte.ie/news/2009/0203/economy.htmlWhen was public sector pay slashed?
Wasn't one of them a pension levy on your Rolls Royce pension?
Have increments continued to be paid?
So if the pension levy was a paycut in disguise and nothing to do with pensions, that means there are many in the public sector who DO get a pension and make no contribution towards it? That could be an area where the government could get some revenue - asking public sector workers not currently contributing towards their pension to make at least a modest contribution.the pension levy has nothing to do with pensions. People who get no pension are paying the pension levy.
Wasn't one of them a pension levy on your Rolls Royce pension?
I have this awful bad habit of letting the facts get in the way of a good rant. I promise to work on this for the future.Fair play Complainer, you have an answer for everything.
What I'm trying to do is to find serious, credible solutions to our very, very serious crisis - solutions that minimise impacts on public services, and the many, many people who depend on public services.The ship is sinking but you're still at the bar trying to get one more free drink before it sinks!!!!
So if the pension levy was a paycut in disguise and nothing to do with pensions, that means there are many in the public sector who DO get a pension and make no contribution towards it? That could be an area where the government could get some revenue - asking public sector workers not currently contributing towards their pension to make at least a modest contribution.
Increments are paid to those who achieve their performance objectives.
No, the pension levy has nothing to do with pensions. People who get no pension are paying the pension levy.
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