The terms of the pay agreement are contained in annexes I and II of framework I of the Programme for Prosperity and Fairness as adjusted in December 2000, in accordance with which the following increases are payable in 2002:
Public Service:
4% of basic pay for the last nine months of the agreement to be paid not earlier than 1 October, 2002, subject to certain requirements in relation to performance indicators and sectoral targets as set out in Annex II ,
A non-pensionable once-off lump payment equal to 1% of basic pay, under the December 2000 adjustment, will be paid on 1 April 2002.
It has also been agreed that one quarter of any increases recommended by the benchmarking body will be paid with effect from 1 December 2001 with the implementation of the balance to be negotiated on receipt of the report.
Private Sector:
4% of basic pay for the last nine months of the agreement, as it applies in each particular employment or industry,
A once-off lump sum payment equal to 1% of basic pay as it applies in each particular employment or industry to be implemented on 1 April 2002.
The pay agreement commits the parties to full and ongoing co-operation with change, flexibility and to increasing productivity taking full account of the implications for competitiveness and employment.