I am so delighted with this outcome, I really am and my wife works in a semi state job. They are spoilt, they had a xmas party and it cost the company 150.00 euros a head.Finally !!!
What will the unions do if this happens ? Freak out ? Strike ? Fall in behind FG ?
Sounds like the terms & conditions of most private sector organisations that I've worked for. Sick leave of course is dependant on doctor's certification, both own doctor and company doctor if necessary.they had a xmas party and it cost the company 150.00 euros a head...Six months of sick fully paid, unbeliveable if you ask me.
WHen/where did they say this?The Department of Finance themselves have said that a public sector salary of €176,000 with the normal pension entitlements is the equivalent of a salary of €500,000 in the private sector with no pension benefits.
The Department of Finance themselves have said that a public sector salary of €176,000 with the normal pension entitlements is the equivalent of a salary of €500,000 in the private sector with no pension benefits.
So in general terms, a public salary of X with pension is equivalent to a private sector salary of 2.84X? In that case I'll take almost three times my salary without the pension contributions.
Why would you do that...because a bird in the hand is worth two in the bush?!
No. Because I'll be far better off financially.
I too would prefer the €500,000 no pension option but from a the same start point there is parity.
There is parity when the pension = 324k per annum.
So in general terms, a public salary of X with pension is equivalent to a private sector salary of 2.84X? In that case I'll take almost three times my salary without the pension contributions.
Why would you do that...because a bird in the hand is worth two in the bush?!
No. Because I'll be far better off financially.
You might be, but only through superior investments made by yourself.I too would prefer the €500,000 no pension option but from a the same start point there is parity.
There is parity when the pension = 324k per annum.
Not true. In simple terms the pension goes on until you die, plus you get a lump sum, plus there's taxation and contribution limits to consider.
I'm a civil servant and I'm OK, I sleep all night and I work half the day, I like benchmarking, big long tea breaks and sleeping on the job.
The ramblings and insane witterings of a junior manager in the Irish Civil Service posted in the public domain for the amusement of anyone who happens to give a .. .. .
Yes fair point but private sector sick's are not paid by the tax payer but by the company itself.Sounds like the terms & conditions of most private sector organisations that I've worked for. Sick leave of course is dependant on doctor's certification, both own doctor and company doctor if necessary.
So what? Are you suggesting that public sector employees should accept terms & conditions that are generally lower than the norm, simply because they are public employees?Yes fair point but private sector sick's are not paid by the tax payer but by the company itself.
I thought this round of benchmarking empirically established that public sector wages WEREN'T lower than the norm? Isn't that the whole point?So what? Are you suggesting that public sector employees should accept terms & conditions that are generally lower than the norm, simply because they are public employees?
Gentlemen - I'm pretty sure you are arguing about fictional numbers, unless/until John Rambo shows a source for his Dept Finance claim.
I thought this round of benchmarking empirically established that public sector wages WEREN'T lower than the norm? Isn't that the whole point?
The following Irish Independent article includes this quote:
"The report put the value of pensions at 12pc of salary, but business group Chambers Ireland said that was too low.
"The Department of Finance itself calculated that a pensionable public service salary of €186,000 was equivalent to a non-pensionable salary of €500,000 a year," said its chief executive, John Dunne."
Well the big news is that most Irish people don't work in IT or for big Multinationals. Most of them work for small businesses that don't have employer funded pension plans and don't have structured performance reviews. They just work their asses off and hope they will have a job next week. I don't know anyone working in the private sector whose pension is majority funded by their employer. I don't know anyone in the private sector who doesn't count their employers contribution toward their pension as part of their salary.I'll take these moans seriously when you provide meaningful comparisons. So for private sector employees, how are their pensions funded (majority funded by the employer, right?). I contribute towards my bank's income through bank charges, so do I get to moan about my bank's contribution to my bank manager's pension?[I know your answer will say that I can change my bank, but not my public servant - so what? What's the alternative? Do you want no public services?] The balance isn't made up by 'the rest of us'. It is made up by 'all of us' - us public servants pay taxes too.
And when you do your comparison, don't forget to include the many low-level public sector staff who get little benefit from their pension contributions, given that the standard OAP is deducted before the pension is paid.
How many private sector staff don't get increments following a performance review? How many private sector staff will pass pickets etc. Otherwise, this is just a meaningless B&M session.
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