entitlement of a mentality that some privileged and cosseted sector
can discommode the very people who generate the taxes to pay their inflated pay and conditions.
This is wrestling with a pig territory.
Well if the cap fitsBut who is the pig?
This nonsensical diatribe needs to be called out. Who are the "privileged and cosseted sector"? Teachers, nurses, public servants?
What should we do with them? Have no teachers, no nurses, no public servants? Surely you cannot be advocating something so stupid?
I can only summarize that you advocate for having some other system that includes teachers, nurses and public servants, but under different conditions?
Lets hear them so, albeit I suspect it will amount to little more than a hyperbolic rant.
The private sector workers who stipend the two thirds shortfall of public sector employee superannuation with no benefit to themselves.Who are the "very people who generate the taxes"?
Conditions in-line with the private sector:
performance related pay
reviewable contracts
taxation of subsistence and mileage allowances
Defined Contribution pensions -full cost to be met by the employee
ending of the multiple types of leave available
accountability
redundancy and dismissal potential.
Well if the cap fits
The private sector workers who stipend the two thirds shortfall of public sector employee superannuation with no benefit to themselves.
Public Sector employees come nowhere close to funding their own pensions. They are mostly paid for out of general taxation. Their value is worth an additional 30-50% of salary. I think that's the issue.Do you mean the supplementary pension payable in limited circumstances to certain public services pensioners?
Their value is worth an additional 30-50% of salary. I think that's the issue.
I used the Deloitte Pension calculatorCan I ask how you are working that out Purple?
I used the Deloitte Pension calculator
Post 1995. New entrants are on a much more sustainable rate.Which Public Sector Superannuation scheme did you try to value? Pre 1995, Post 1995, Post 2004 or SPS scheme?
What, fully fund it themselves? Do you think their unions would allow that to happen?PS pensions are paid out of general taxation. This is nothing to do with the PS. This is a policy choice. There is no reason why this could not be change.
I've already pointed out that the average PRSI contribution amounts to about 15% of the cost of funding the State pension. It's not just Public Servants who don't pay for their pension, it's just about everyone who gets a State pension.For PS employees who pay class A PRSI, part of the pension is made up of the SCP. This is the approx. €12500. Therefore, the first €25,000 of every public salary earns NOTHING of a pension. Public servants pay contributions on this salary of course.
Indeed, as it's only a small fraction of its true value.Revenue value all DB pensions as 20 times the annual payment + value of lump sum. This is for tax purposes not the monetary value.
That's absurd, as you know.
You are incorrectly attributing a quote to me!
Please rectify.
Have tried multiple times to edit the post but what appears on the edited screen disappears once the changes are saved so I've had to delete the posts
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