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Thread: "Inevitable that big State pensions will be cut" - Hayes

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    Default "Inevitable that big State pensions will be cut" - Hayes

    Interesting, though I suppose not surprising, to find no mention on this site of an interview with Junior Finance Minister Brian Hayes, published in today's Indo. In it, Hayes says that "new cuts to the pensions of former highly-paid public servants like hospital consultants, judges and politicians are inevitable", as part of the plan to achieve €1billion in savings in Croke Park 2, along with a possible higher tax rate on certain categories of public service pensions. Hard to see the unions in the Croke Park negotiations complaining about this, so its obviously a welcome development that should form part of the agreement without difficulty. So is there any chance that, given the level of public discontent about super-sized public pensions, posters here will actually give the government credit for at last moving properly on this issue?

    'Inevitable' big State pensions will be cut -- Hayes - Independent.ie

    Public Expenditure and Reform Junior Minister Brian Hayes said a plan to reduce large pensions has been tabled to achieve €1bn payroll savings. He said there was an "inevitability" that those who enjoyed the biggest yearly payouts would be hardest hit.

    The junior minister also indicated measures are being considered to impose a higher rate of tax on certain retired state employees.

    Currently there are retirees with pensions worth a combined €100,000 but they avoid a 20pc rate of tax which applies to a single pension of that value.

    ...ctd...
    Last edited by H.R. Haldeman; 14th February 2013 at 06:43 PM. Reason: For copyright
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    Why not cut the big pensions now rather than inevitably Brian?

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    Politics.ie Member ger12's Avatar
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    It took two years for Minister Hayes to figure that out?
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    Quote Originally Posted by ger12 View Post
    It took two years for Minister Hayes to figure that out?
    Well he is only a Junior Minister
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    Quote Originally Posted by IbrahaimMohamad View Post
    Why not cut the big pensions now rather than inevitably Brian?
    Eh they are cutting them now, did you not read the link? This will be part of the Croke Park 2 deal, which means within the next month.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by hiding behind a poster View Post
    Eh they are cutting them now, did you not read the link? This will be part of the Croke Park 2 deal, which means within the next month.
    Now is today!

    Why wait till tomorrow or next week?

    Brian must know we are borrowing the money to pay these pensions!

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    If there was any decency in this government that is where they should have started

    not at the weaker and vulnerable sections first,

    They tried to cut nurses starting off by a third and if they did not like it go and prop up the counter of a fast food outlet,

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    They should have been cut by this government in March 2011.

    It would be remiss for me to also say that they should have been cut by the previous government in 2008.

    Too little,too late in both instances.

    Emergency legislation - special powers enacted in times of economic "war" - would have seen this issue dealt with far far sooner.

    At this stage we would have seen an impact on this country's outgoings as a result.
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    Quote Originally Posted by IbrahaimMohamad View Post
    Now is today!

    Why wait till tomorrow or next week?

    Brian must know we are borrowing the money to pay these pensions!
    Because you need to fireproof such legislation against court challenges, for a start. And secondly, this forms part of the €1billion in payroll savings being sought via Croke Park 2, and that hasn't been agreed yet, and won't be for about another month.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by turdsl View Post
    If there was any decency in this government that is where they should have started

    not at the weaker and vulnerable sections first,
    Which they didn't do. They restored the cut in the minimum wage first, cut the salaries and expenses of Ministers first, and reduced employers' PRSI to encourage job creation first. Meanwhile they retained the basic rates of social welfare, despite compelling arguments in favour of cutting them, too.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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