Ireland -Public service pension overhaul looms -July 9, 2012

While most actors in the public sector have considered current civil servants’ pensions secure by the Croke Park agreement, the public expenditure minister has recently suggested this might not be so. The agreement does effectively protect pensions until 2014, yet a brief clause allows for pension overhauls after that date, which would not only apply to newly hired personnel, but also to current employees. The minister suggested that the pension schemes might be changed to receive increases based on the cost of living rather than any future pay rises. Meanwhile, a bill on public service pensions is discussed in parliament, which will average out pensions over the entire career rather than last earnings. Members of parliament complained at lack of information, particularly at not receiving a complete list of schemes and allowances affected by the reform.

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