Exploding public pay rates

[MikeC]

Colm McCarthy's data suggests the pension levy has been roughly mirrored by the average pay cuts that have occurred in the private sector.

Obviously we have to talk about averages in the private sector, as it isn't by nature a big homogeneous bloc constrained by rigid pay-scales and collective bargaining.



Well the whole teachers pay issue has been done to death on other threads recently. But I don't think anyone was arguing that teachers are badly paid compared to international practice. The debate was more about whether teachers are among the best paid in the world, or simply above average as argued by the teachers themselves.

Well, I'm going to be down 11.4% for 2009. Does that count as a pay cut?

[Leftfemme22]

Well, I'm going to be down 11.4% for 2009. Does that count as a pay cut?

Don't be so silly, Proposition Joe and Wexfordman will tell you when you've had a pay cut.

[bormotello]

I'm afraid that's just garbage. There are a huge number of extremely important jobs in the public sector (like regulation of financial markets, as discussed above - or do you think that isn't important?). You CANNOT get individuals able to do that job competently for less than 100K.

So far, what I see from situation on Irish financial markets, is that people responsible for regulation of those markets, doesn’t deserve more then EUR204 per week.
Let’s fire them and hire new people on big salaries

[Watcher1]

They would work for an organisation managing tax avoidance or other methods of subverting financial regulation. There are still plenty of people doing just that and getting paid a lot more than 100K a year. They haven't lost their jobs and they won't lose them any time soon.

Why would you imagine someone with that skill set would move to a semi-skilled manufacturing or engineering job?

Silly me, Dell and SR Techniks was run by Jimmy on the line. When he finished packing computers in Dell, he ran the Finance Departement in SR TEchniks.

Trust someone though to not see the point.

[selfemployedmar]

Well just to cheer you all up, I have received the Supplementary Budget and Income levy updates for my system.
The levy is calculated strictly on Week 1/ Monthly basis.
I am only responsible for deducting the levy from income, including notional pay (BIK), being paid to the employee and I am not required to take into account income arising from other sources.

Levy is on Gross Income before any relief for Pension Contributions are applied, then this Pension Relief is taken off as a credit before you get net pay, the same as tax credits are applied. Pension Contributions are not taxable..

At the year end you will be provided with a P60 and an Income Levy Certificate....

[Propforward]

So far, what I see from situation on Irish financial markets, is that people responsible for regulation of those markets, doesn’t deserve more then EUR204 per week.
Let’s fire them and hire new people on big salaries

Why big salaries? do we pay cops the same as crack dealers?
Why not make regulation the brief of the Finance Ministry and give him a team of trained accountant cops like they do in the US treasury or the Guardia di Finanza (Guardia di Finanza - Wikipedia, the free encyclopedia) in Italy among many other countries.
the finance minister is now accountable for pursuing regulations.

What is the point of outsourcing the work to an industry figure who has friends in the industry?
the government has outsourced everything to avoid and responsibility or accountability.

If people want to leave to work in the private sector they can - it happens all the time in the Gardai, the revenue etc but you build around a system not individuals. There are very few genuises in any line of work and i guarrentee none of them are in the Irish Public sector

Look its not a difficult thing to sort out and i am sure that there are 100s of ways but what is missing is a Government, a finance minister or even an opposition that has the gumption, fortitude and interest of the people at heart to make it happen. The sooner we eliminate those attracted by high salaries the better.

[Leftfemme22]

Well just to cheer you all up, I have received the Supplementary Budget and Income levy updates for my system.
The levy is calculated strictly on Week 1/ Monthly basis.
I am only responsible for deducting the levy from income, including notional pay (BIK), being paid to the employee and I am not required to take into account income arising from other sources.
Pension is an extra benefit and is not being taken into the loop....

So Public Sector workers your pension will not be part of your income, it is extra on top of your salary. When you retire you will be responsible for any taxes etc on it, not the employer.
At the year end you will be provided with a P60 and an Income Levy Certificate....

wow, you're a public sector worker. I knew it.

[selfemployedmar]

wow, you're a public sector worker. I knew it.

I am an employer!!

I never said I was? You loosing it??

However I am responsible for generating income to fund Public Sector salaries..

[Proposition Joe]

Well, I'm going to be down 11.4% for 2009. Does that count as a pay cut?

Dunno.

Depends on what makes up the 11.4%.

If its pension levy plus income & health levies, then the answer would be no.

Yeah, yeah, I know, I've heard the one about the pension levy being a pay cut in disguise. The trouble is, it isn't. If it was, it would reduce the value of current and future pensions, which it doesn't.

Its strongly in the public servants' interest that the levy is structured in the way that it is, as opposed to being a straight pay-cut. But if you prefer to think of it as a pay cut, work away.

BTW the point of McCarthy's analysis was whether the relative pay advantage of the PS was diminished by the advent of the pension levy. Not whether the levy is bad, unfair, unjust, and/or targetting-the-vulnerable.

[selfemployedmar]

wow, you're a public sector worker. I knew it.

--------------------------------------------------------------------------------

Well just to cheer you all up, I have received the Supplementary Budget and Income levy updates for my system.
The levy is calculated strictly on Week 1/ Monthly basis.
I am only responsible for deducting the levy from income, including notional pay (BIK), being paid to the employee and I am not required to take into account income arising from other sources.

Levy is on Gross Income before any relief for Pension Contributions are applied, then this Pension Relief is taken off as a credit before you get net pay, the same as tax credits are applied. Pension Contributions are not taxable..

At the year end you will be provided with a P60 and an Income Levy Certificate....