Dáil Éireann Debate, Wednesday - 6 July 2016
55. Deputy Catherine Murphy asked the Minister for Public Expenditure and Reform if he will provide a breakdown of the €2.2 billion savings per year due to the financial emergency measures in the public interest legislation; and if he will make a statement on the matter. [19809/16]
View answerThe Financial Emergency Measures in the Public Interest Acts 2009 to 2013 provide for a range of pay and pension reduction measures in respect of serving and retired public servants. The some €2.2bn in savings referred to is made up of €1.21bn in pay reductions, €0.9bn by the Pension Related Deduction (PRD) and €0.135bn by the Public Service Pension Reduction (PSPR).
The Financial Emergency Measures in the Public Interest Act 2015 has, with effect from 1 January 2016, commenced a phased and sustainable programme which ameliorates the impact of the measures implemented under the terms of the FEMPI Acts 2009-2013 through the implementation of the terms of the Lansdowne Road Agreement (LRA) and a significant restoration of public service pension reductions.
