Good luck to the PS workers.

[Baron von Biffo]

How could you get tax relief on a pay rise you never got? No one pays tax on income not earned. And the lack of a tax liability implies no tax relief is possible.

The way BM II was implemented means the income is earned but not paid.

[Proposition Joe]

The way BM II was implemented means the income is earned but not paid.

And hence also not taxed.

Tax relief can only be granted on tax actually paid.

[bobbysands81]

So if he joins at 20 by the time he is 44 he has paid is supplement.

A private worker will have to pay PRSI for thirty years to see the benefit in his OAP.

On top of that the PS worker wil now be able to retire at 65 while his private worker will have to grind on for another three years.

In the old days they used to call that slavery.

Nowadays its still called slavery.

You're purposely misinterpreting the facts.

The public service worker pays that PRSI as well... on top of a further 24 years of mandatory contributions totalling tens of thousands of euro for the same benefit that the private sector worker gets for his/her PRSI payments.

[dgl]

Not to mention the BM II charge that currently enjoys no tax relief.

How can you expect tax relief on employer contributions? If instead the 12% were income and paid as an employee contribution with tax relief - you would have no net difference in take-home pay!

Except that the 12% is so high that you might then not be able to get tax relief on any AVC's as you might breach the maximum limit for tax-relief.

[dgl]

Not to mention the BM II charge that currently enjoys no tax relief.

So I suppose you'd prefer to be paid the 12%, contribute it to the PS scheme with relief at 33%!

[maxthedog]

The PS are not included in the new mandatory 4-2-2 pension but that doesn't mean they can draw the OAP at 65.

Your hatred of PS workers, as evidenced by the use of offensive terms like leech, prompts me to wonder if there's some story hidden here. A bad relationship with a PS worker? Were you an unsuccessful applicant for a PS job yourself?

The term "Leech"is used when describing someone who lives off your toil and strife while contributing nothing.

So for three years from the age 65 to 68 a PS worker will live of my sweat.

i think the term is apt. But if you have a different word to describe the above , I can change it.

[maxthedog]

You're purposely misinterpreting the facts.

The public service worker pays that PRSI as well... on top of a further 24 years of mandatory contributions totalling tens of thousands of euro for the same benefit that the private sector worker gets for his/her PRSI payments.

I have not misinterpreted anything.

Do you believe the pSworker should recieve the extra pension for free.

Maybe they should only contribute for 10 years .

Please put forward the fair amount of contribution you believe should be paid.

The amount the pS worker recieves for the 24 years contribution far exceeds the amount they put forward.

[Proposition Joe]

The public service worker pays that PRSI as well... on top of a further 24 years of mandatory contributions totalling tens of thousands of euro for the same benefit that the private sector worker gets for his/her PRSI payments.

No, some public sector workers pay PRSI. Only those recruited in the last 15 years.

And that 24 years stat only applies to a minority of these post-1995ers, the very lowest paid in the civil service.

So you've extrapolated from the situation pertaining to a small minority of the public service and implied this applies to all.

[feargach]

Who cares. We all deserve pensions. We should all be treated the same. Retirement age should be the same unless you are wealthy enough to retire early.

And in order to be wealthy, you must be in the private sector. It is impossible to become wealthy in the public sector, even if you make it into the top 0.01% of the pay leagues.

If you manage to make it into the top 0.5% of the private sector, by contrast, you are automatically a millionaire.

By joining the private sector, you are taking a shot at the title. If fortune smiles on you, you can win massively. It's like playing the lottery, except the chances of actually winning a big-money prize is one in several hundred rather than one in several hundred thousand.

By contrast, when you join the public sector, you are turning your back on the chance of professional riches for your entire life.

What is a fair price to pay for the chance to be a millionaire? You'll have to work hard to convince an open-minded person that the chance to be a millionaire has no monetary worth.

[maxthedog]

And in order to be wealthy, you must be in the private sector. It is impossible to become wealthy in the public sector, even if you make it into the top 0.01% of the pay leagues.

If you manage to make it into the top 0.5% of the private sector, by contrast, you are automatically a millionaire.

By joining the private sector, you are taking a shot at the title. If fortune smiles on you, you can win massively. It's like playing the lottery, except the chances of actually winning a big-money prize is one in several hundred rather than one in several hundred thousand.

By contrast, when you join the public sector, you are turning your back on the chance of professional riches for your entire life.

What is a fair price to pay for the chance to be a millionaire? You'll have to work hard to convince an open-minded person that the chance to be a millionaire has no monetary worth.

But a garda can retire at 50 on a pension worth 1.2 million , therefore a millionaire.

You`llhave to work hard to convince an open-minded person that the gaurentee of becoming a millionaire with no risk has no monetary value.