Sunday 19 November 2017

Public sector elites made sure they didn't lose out on bumper packages

IT is said that the first thing the mandarins in the Department of Finance do when they examine a Budgetary proposal is check to see how it will affect them.

You can be pretty sure that is exactly what happened when the Government finally got around to implementing the commitment in the Programme for Government to limit the size of pensions that people can build up for tax relief purposes to €60,000 a year. A way had to be found around this to ensure that retiring public servants and politicians continued to end their working days on bumper pensions.

The €60,000 a year amounts to an overall pension pot of €2m.

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