Dáil Éireann Debate, Wednesday - 10 October 2012
108. Deputy Mary Lou McDonald asked the Minister for Public Expenditure and Reform the net saving to the Exchequer from the reduction in public sector worker numbers since March 2011 taking into account pensions paid out to retirees and the loss of pension related contributions to the Exchequer. [43615/12]
Amharc ar fhreagraPublic Service pay peaked in 2009 at €17.5bn and is estimated to be at €15.37 by the end of this year, a gross saving of €2.1bn. This saving was achieved through the implementation of a number of ongoing cost saving measures across the public service. The pay and pensions savings from 2009 to 2015 are set out below.
Pay and Pension Savings 2009-2015
|
. |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2009-2015 reduction net of PRD |
|
. |
€bn |
€bn |
€bn |
€bn |
€bn |
€bn |
€bn |
. |
|
Exchequer Pay Bill - Gross |
17.5 |
15.9 |
15.6 |
15.37 |
15.0 |
14.7 |
14.6 |
. |
|
Pension Related Deduction (PRD) |
0.837 |
0.945 |
0.950 |
0.930 |
0.916 |
0.911 |
0.911 |
. |
|
Exchequer Pay Bill Net of PRD |
16.7 |
15.0 |
14.7 |
14.45 |
14.1 |
13.8 |
13.7 |
3.8 |
|
. |
. |
. |
. |
. |
. |
. |
. |
2009-2015 increase |
|
Exchequer Pension Bill - Gross |
2.6 |
2.7 |
2.7 |
3.0 |
3.0 |
3.1 |
3.1 |
. |
|
Increase over previous year |
0.175 |
0.020 |
0.285 |
-0.059 |
0.120 |
0 |
0.5 |
The Gross pay bill peaked at €17.5bn in 2009 and is estimated to fall to €13.7bn net of Pension Related Deduction (PRD) in 2015. Taking into account the affect of the PRD, the estimated reduction in the pay bill cost from 2009 to 2015 is €3.8bn. The pension bill is expected to increase from €2.6bn in 2009 to €3.1bn in 2015, which is an increase of approximately €0.5bn. Offsetting the pension bill increase against the Gross pay bill reduction will see the overall Exchequer Pay and Pensions Bill fall by approximately €3.3bn by 2015.
