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About LinkBacksIf the Banks are bailed out by NAMA or Nationalisation, then the government should apply the pension levy to the workers in the bank (especially if nationalised and therefore a subsection of the public service)...
any thoughts?
If the Banks are bailed out by NAMA or Nationalisation, then the government should apply the pension levy to the workers in the bank (especially if nationalised and therefore a subsection of the public service)...
any thoughts?
Bank workers might then want to board the public service guaranteed pension gravy train. This gravy train will cause enough economic problems as it is without adding more people to it.
true... and that needs to be tackled also.... but the workers of the nationalised or NAMAnised Banks would be given job security...
AND back-dated Bench-marking! They'll certainly sign up for that.Originally Posted by Whatuwant2007
Not true. If the banks are nationalised it will only be a short term mechanism and the state will exit the banking industry as quickly as possible. So, no, job security will not be there for bank staff.
Would they? why?
Its an interesting idea, but might cause more problems than it solves if the gov needs to let alot of bank jobs go. There will be little point having several different state owned banks in the same town. Its like having 4 state owned Dublin buses. One is bad enough.
Does raise the question of whether the gov should let the private sector should be let do the dirty business of closing branches and merging companies before state steps in. BOI and AIB should merge while they still can.
Anyway the levies are insulting. Either cut pay or raise tax if you cant afford to pay people. Dont try to cod them.
A comparison of benk empoyess existing contributions to their pension scheme woudl also need to be evaluated, but I would think that rather than include them in ps pension schemes, the existing pension scheme they have would need to be re-evaluated (something I think is happening already are some banks starting to wind down db schemes). Anyone not in a db scheme certainly should nto have to pay levy.
Also, the levy is nothing more than a pay cut, so a simple pay cut may be all thats needed if there is a requirement to cut payroll costs.
Progressive and fair taxation = 2012 Merc e250 elegance purchase price/value €47,910 Road Tax:- €156 2005 vw passat 1.9L diesel price/value €8000, Road Tax :- €582
A temporary benefit only.
I suspect the banks are under Govt pressure NOT to make staff redundant at the moment because of the very negative publicity afforded to every announcement of major closures/layoffs.
But in such a severe economic downturn, cost-cutting is an absolute necessity and staff numbers will be cut - either under current ownership or, at some stage in the future, under new ownership.
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