BM II valued the pension at 12% and withheld rises up to that level. By withholding the rise, rather than awarding it but converting it to a pension contribution, it hit workers very hard.
Firstly it meant that while they were being charged an extra 12% they can't get tax relief on it as a private sector worker would. Secondly, it means that the subsequent pension is also reduced by 12% so PS workers uniquely still pay for their pension while they're drawing it down.
Those are real costs to the worker.
PS workers offered real change in work practices before the budget but Lenihan told them to shove it.
Scratching ass was offered but rejected and told to shove it!!!.. real change was discussed and rejected as reality has no place in the PS
If we had all PS workers working for Spanish wages we could sort this problem with exchequer deficit almost immediately.
We just need to reduce cost of living by the same amount.
The PS have already taken a near 13% gross pay cut and are also paying levies ( income & health ) of about 6%
Another 11% would help the situation greatly.
WE need to return to balanced exchequer figures quickly or debt interest will kill us![]()
Just don't know where to start on this. Let's just say that if the government gives you a pay cut but calls it a pension levy you say, it wasn't a pension levy it was pay cut. Now you are suggesting, in essence, that they should have done the opposite with the BMII provisions.
BMII was a joke. Less of a joke than BMI but still a joke. If it was serious, a grade, just one from all of the categories they looked at would have been red-lined with no increases for a period. How many grades had this applied to them?
I would love to know where this sense of entitlement came from. I don't mind that the PS have a great pension scheme. Good luck to them! I wish I had one. But for the love of God stop griping about it. Just say thanks and move on.
BM2 just happened to come in at 0% for many grades. What a coincidence that not one grade was in negative territory!
BM was a political mechanism by FF to buy PS votes.
FOI did not apply for some reason!!!!!!!
€100 billion debt by years end ( not to mention NAMA) and some people still think that that they are better than everyone else.