Friday 9 December 2016

Public pension is key issue

Published 07/08/2011 | 05:00

Sir -- Anything that brings attention to the obscene levels of public sector pay is useful.

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It would be even more useful if it was pointed out that the comparison does not take into account the 1.5-times-salary tax-free retirement lump sum.

Even the appalling benchmarking body, which did not take the gold-plated pensions into account when comparing private and public sector pay, has admitted that these benefits are equal to 20--25 per cent of salary. The ESRI has stated that the unfunded pension is worth over 20 per cent of salary.

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