Howlin hails 'fundamental change' to public-sector pensions

New pension arrangements have come into effect for all new public servants.

Howlin hails 'fundamental change' to public-sector pensions

New pension arrangements have come into effect for all new public servants.

The provisions will not affect existing public servants but will impact any new teachers, nurses, gardaí, judges and politicians who join after January 1.

The new rules bring to an end the system whereby pensions are calculated on final salary at retirement.

A pension will now be based on average earnings across a person's career.

Minister for Public Expenditure and Reform Brendan Howlin says the reform is ground-breaking.

"We've spent a year bringing in these changes in the Dáil and Seanad,

"These were part of the arrangements negotiated with the Troika. They have been, I can't say supported because they haven't been supported, but they haven't been resisted by the public sector unions.

"They are a fundamental change in the way pensions will be calculated into the future."

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

Pile or group of multi colored and different sizes of colourful foil wrapped chocolate easter eggs in pink, blue, and gold. Larg Young sisters donate hundreds of Easter eggs to children's hospital
Ireland has third highest level of deaths on rural roads in EU  Ireland has third highest level of deaths on rural roads in EU 
Mother and daughters killed in Mayo crash named locally, as husband returns to Ireland 'Their smiles lit up the room': Tributes paid to mother and daughters killed in Mayo crash
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited