Mary Lou McDonald
Question:197. Deputy Mary Lou McDonald asked the Minister for Public Expenditure and Reform the full-year cost of ceasing public service pension reductions with effect from 1 January 2016. [46032/15]
View answerThursday, 17 December 2015
Questions (197)
Written answers
It is estimated that ceasing the Public Service Pension Reduction (PSPR) from 1 January 2016 would cost in the region of €135 million in 2016; this is by comparison with the estimated PSPR yield in 2015. A part-restoration of the PSPR imposition on pensions, in three stages over the period 2016 to 2018, is provided for under the Financial Emergency Measures in the Public Interest Act 2015. The annual cost of this part-restoration, when fully in place from 1 January 2018, is estimated at €90 million.