Dáil Éireann Debate, Tuesday - 21 June 2016
327. Deputy David Cullinane asked the Minister for Public Expenditure and Reform the various measures in relation to pay and pensions introduced as part of financial emergency measures in the public interest, FEMPI, legislation 2009 to 2013; and the cost of rescinding each measure if the FEMPI legislation was to lapse, in tabular form. [16910/16]
View answerThe Financial Emergency Measures in the Public Interests Acts 2009 to 2013 provide for a range of pay and pension reduction measures in respect of serving and retired public servants. The FEMPI legislation is available on my Departments website at http://www.per.gov.ie/public-service-pay-policy/.
The Lansdowne Road Agreement begins the process of unwinding the financial emergency measures in a prudent and sustainable fashion thereby reducing the risk to the sustainability of the public finances.
The terms of this agreement are being implemented under the Financial Emergency Measures in the Public Interest Act 2015, with effect from 1 January 2016, at a full year cost of €844m to 2018. Additional provision has also been made for an amelioration of the Public Service Pension Reduction for public service pensioners at an additional full year cost of €90m in 2018.
|
FEMPI Measures 2009 to 2013 |
Remaining to be Restored Following Lansdowne Road Agreement |
|
Pay Reduction |
€692m |
|
Pension Related Deduction (PRD) |
€720m |
|
Public Service Pension Reduction |
€45m |
