Public Sector Pensions

Dáil Éireann Debate, Wednesday - 4 July 2012

Wednesday, 4 July 2012

Questions (42)

Martin Ferris

Question:

41 Deputy Martin Ferris asked the Minister for Public Expenditure and Reform the annual saving to the public sector pension bill if all public sector pension payments were capped at €60,000. [32373/12]

Written answers

Minister for Public Expenditure and Reform (Deputy Brendan Howlin)

It is estimated that the imposition of a cap of €60,000 on pensions in the civil service, based on May 2012 data, would have resulted in an estimated annual saving of €8m. This takes no account of the tax and other statutory deductions foregone. Comparable data are not available for the public service as a whole.