Pension party over for public service
Published 05/02/2012 | 05:00
The EU is pumping money into Ireland just to keep the madness going, says James Fitzsimons
The early retirement scheme for public servants is already a flop. Brendan Howlin should invest in a rubber stamp with the word 'Rejected' and use it on every case where a meaningful saving is not being made. We need something more focused that will achieve results. The public sector is overstaffed, overpaid and out of control. The majority may be paid less than €50,000, but when the cost of pensions is factored in the average gross pay would be between €60,000 and €70,000. It is not the case that they might not deserve it, but we don't have the money to pay it.
Half of the assistant garda commissioners have opted to take early retirement. Their positions are considered vital and they will have to be replaced. So, not only has the Government created outrageous pensions, but also they cannot achieve the planned pay cuts because the vacancies must be filled. Savings might be made in the short term, but not in the long run.