Dáil Éireann Debate, Tuesday - 17 November 2015
245. Deputy Sean Fleming asked the Minister for Public Expenditure and Reform the reduction in annualised amounts of the public service pension, for those who retired before 29 February 2012, for those who retired after 29 February 2012, and for those who will retire in the future, by pensions of €60,000 plus, of €60,000 plus to €100,000, and of €100,000 plus, in tabular form; and if he will make a statement on the matter. [40627/15]
View answerUnder the terms of the Financial Emergency Measures in the Public Interest Bill 2015, which is currently before the House, I propose adjustments to the PSPR tables (affecting entry thresholds, bands and rates) over three stages, on 1 January 2016, 1 January 2017 and 1 January 2018. These changes constitute a significant part-reversal of the PSPR burden on public service pensioners, and are expected to remove PSPR entirely from about 65,000 currently affected pensioners.
Based on the currently prevailing rates of Public Service Pension Reduction (PSPR), the figures which the Deputy seeks are set out.
For public servants who retired on or before 29 February 2012, the Public Service Pension Reduction (PSPR) applied to their pensions is:
|
Pension Awarded (€) |
PSPR (€) |
Pension in Payment (€) |
|
60,000 |
5,280 |
54,720 |
|
70,000 |
6,980 |
63,020 |
|
80,000 |
8,680 |
71,320 |
|
90,000 |
10,380 |
79,620 |
|
100,000 |
12,080 |
87,920 |
|
110,000 |
14,880 |
95,120 |
|
120,000 |
17,680 |
102,320 |
|
130,000 |
20,480 |
109,520 |
|
140,000 |
23,280 |
116,720 |
The scale of reductions under the PSPR in respect of those pensions for public servants who retired after 29 February 2012 is reduced as those pensions are calculated on the basis of the reduced pay scales then applying for pension purposes. The Public Service Pension Reduction (PSPR) applied to their pensions is:
|
Pension Awarded (€) |
PSPR (€) |
Pension in Payment (€) |
|
60,000 |
1,320 |
58,680 |
|
70,000 |
1,820 |
68,180 |
|
80,000 |
2,320 |
77,680 |
|
90,000 |
2,820 |
87,180 |
|
100,000 |
3,320 |
96,680 |
|
110,000 |
4,120 |
105,880 |
|
120,000 |
4,920 |
115,080 |
|
130,000 |
5,720 |
124,280 |
|
140,000 |
6,520 |
133,480 |
