Tuesday 6 December 2016

Setting public vs private is just family bickering

Finola Kennedy believes small family firms, as well as large public enterprises, have a role to play in economic revival

Published 16/01/2011 | 05:00

IN a broad sense, the public sector comprises those who are paid directly from the public purse. Payees may be divided into three categories.

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Firstly, there are 308,000 public sector workers who account for a total pay bill of €16bn, or an average of €52,000. The individual range of pay is from around €25,000 to more than €200,000.

Secondly, there are 103,000 pensioners who share a public pension pot of €2.2bn, or an average of €21,700. Some of these pensioners will also qualify for a PRSI pension of €11,900, bringing their annual income to €33,600.

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