Dáil Éireann Debate, Tuesday - 16 April 2013
529. Deputy Dominic Hannigan asked the Minister for Public Expenditure and Reform if he will outline what will happen to retired public servants pensions under Croke Park II; and if he will make a statement on the matter. [17109/13]
View answerAs the Deputy will be aware it is the Government’s intention to secure a reduction in public service pensions. In this connection it has been decided that, w.e.f. 1 July 2013, public service pensioners on pensions in excess of €32,500 should be required to make a fair and proportionate contribution to proposed consolidation measures, with the largest reductions being borne by those on higher pension rates.
It is intended to increase and extend the existing Public Service Pension Reduction (PSPR) so that all public service pensioners who have retired, or will retire before end August 2014, on pensions in excess of €32,500, experience an additional or a new pension reduction of between 2% and 5%. Pensions below €32,500 will not be affected. The precise details of the proposed new pension reduction, including the revised and new PSPR rates, will be set out in legislation to be brought forward before July 2013.
