The workers in this sector are not subject to the pension levy/pay cut , indeed the ESB received the 3.5% increase under the National Wage Agreement as indeed may have others in this sector.It adds up to the guts of 50-60,000 workers - how does that affect the government sums on how much the public service pay cut will yield?
The employee pensions are not funded from the exchequer, hence the pension levy does not apply.
Absolutely - it will be interesting to see how the situation in Bord na Mona develops. Will the Govt step in? Maybe it has already - I haven't heard anything about it in recent days.
I know there was uproar among An Post pensioners a few years back when the company claimed inability to pay part of the national wage agreement and the pensioners did not get the consequential pension increase. I think in the end the increase was paid, but I'm open to correction on that.
It is interesting to note that the BnM staff scheme is not index linked or wage linked in any way and pensioners have not got any increase in several of the last 10 years or so. Increases are at the sole discretion of the trustees.
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