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.