Public service pensions which are affected by the Public Service Pension Reduction (PSPR) are simply reduced in pay-out value, and as such there is no imposition of a levy, deduction or other stoppage for which a centralised collection system is required. However based on available data sets and making reasonable projections as to future retirements and mortality rates, and factoring in also the PSPR changes proposed in the Financial Emergency Measures in the Public Interest Bill 2015, the numbers of pensioners impacted by PSPR over the period 2011 to 2018 are estimated as follows:
2011
|
84,000
|
2012
|
90,000
|
2013
|
88,000
|
2014
|
88,000
|
2015
|
87,000
|
2016
|
70,000
|
2017
|
48,000
|
2018
|
25,000
|