What to spend average public service retirement gratuity on - 2 new apartments?

gigino

Retiring public servants get a lump sum gratuity payment of a year and a halves finishing salary , tax free, in addition to their normal pension of 50% of finishing salary.

Average salary in the public service is only € 47,000 per annum according to the cso ( www.cso.ie ) but remember finishing salaries are on average considerably higher due to age, promotion, increments etc.
80k will but not one but two new apartments in some parts of the country.
http://www.daft.ie/searchnew_development.daft?id=12590

Begrudgers may ask in what other ( bankrupt !) country would the average retiring public servant - in addition to their annual pension - get a cash tax free amount equivalent to a couple of nice new apartments, built to government specifications in scenic areas, as a tip ?

A few colleagues and acquantances have retired lately. What does the average public service retirement gratuity get spent on? Usually kids are raised, mortgage paid off etc so should it be

• 2 apartments in Ireland
• a weekend in Las Vegas
• a golf villa in Portugal
• helping the kids get on the housing ladder, or what ?

mikemac

Not so thinly veiled bashing thread

I wish we had a truce on these

What do you mean " only € 47,000 "?

Biggins

Here we go again, more public servant bashing.
Any excuse dredged up to have a go at them and taint them all with the same brush!

hondasam

It's been awhile sense we bashed the Public servants. I have missed it.

gigino

feelingstressed wrote: »

" only € 47,000 "?

because its less than our average public sector pay a few years ago.

What would you spend your gratuity on ? Please do not be jealous if you are not getting one.
Some in the private sector like Fitzpatrick of Anglo Irish bank gets more. The rest of us deserve a gratuity too.

Biggins

Please don't feed it!

mikemac

gigino wrote: »

because its less than our average public sector pay a few years ago.

You're just begging for a reaction and this thread to descend into bashing and anger

Which it will very shortly

ChunkyLover_53

Sweet! I'm goin' to Vegas! So long suckers!

General General

OP not had much success in life, huh?

Looking for someone to blame?

Awwwww....

https://www.youtube.com/watch?v=iwu3D-Luo-E

shar01

Formula for lump sum:
Salary x service x 3 / 80

To qualify for full benefits, one must have 40 years service.

Anyone who works in any job for 40 years deserves decent benefits.

Biggins

shar01 wrote: »

Formula for lump sum:
Salary x service x 3 / 80
To qualify for full benefits, one must have 40 years service.
Anyone who works in any job for 40 years deserves decent benefits.

The way things are going, they will be lucky if they get their full pension!

Anyways... The OP has a chip on his shoulder.

I propose that we use the rest of this thread (before the lock) to play a game of "Guess where I hid the cucumber!" :pac:

hondasam

Biggins wrote: »

The way things are going, they will be lucky if they get their full pension!

Anyways... The OP has a chip on his shoulder.

I propose that we use the rest of this thread (before the lock) to play a game of "Guess where I hid the cucumber!" :pac:

did you use lube ?:pac:

lets bash Ps for awhile, It's fun

General General

Biggins wrote: »

The way things are going, they will be lucky if they get their full pension!

Anyways... The OP has a chip on his shoulder.

I propose that we use the rest of this thread (before the lock) to play a game of "Guess where I hid the cucumber!" :pac:

Man... we all know where you ALWAYS hide the cucumber.

Biggins

General General wrote: »

Man... we all know where you ALWAYS hide the cucumber.

You've seen the pictures? :eek:
Who grassed! :mad:

General General

Biggins wrote: »

You've seen the pictures? :eek:

Yep... & the expression on Frada's face is priceless!

Biggins

General General wrote: »

Yep... & the expression on Frada's face is priceless!

LOL Very good! :pac:

almighty1

gigino wrote: »

Retiring public servants get a lump sum gratuity payment of a year and a halves finishing salary , tax free, in addition to their normal pension of 50% of finishing salary.

1. Those figures only apply if you have full service completed, which in most cases is between 30-40 years. e.g. not everybody can get those sort of figures you mention above.

2. Do people realise that public servants contribute copious amounts of money to their pension. I pay €120 a week towards mine :rolleyes:
€120 x 52weeks x 40years = €249600 contributed. :cool:

3. Do people realise that public servants cant claim state pension either.

shar01

almighty1 wrote: »

3. Do people realise that public servants cant claim state pension either.

Those who pay A1 (full PRSI) can - their public service pension is reduced to take account of this.

And don't forget the Public Service Pension Reduction that came in on 01/01/11.

Retired public servants saw their pensions hit by PSPR, USC and reduced tax credits.

sollar

Check out posts 259 and 267 below.

http://www.boards.ie/vbulletin/showthread.php?t=2056263690&page=18

gigino you need to cop on a bit.

suicide_circus

In fairness none of these threads bash public servants, rather they bash some of the outrageous pay and conditions some public servants get, paid for by the tax payer. I think thats a fairly legitimate thing to discuss and complain about.

gigino

suicide_circus wrote: »

In fairness none of these threads bash public servants, rather they bash some of the outrageous pay and conditions some public servants get, paid for by the tax payer. I think thats a fairly legitimate thing to discuss and complain about.

I agree and I think some public servants like myself would be willing to see some moderation / common sense in public finances, now that the IMF is here....if only for the sake of our grandchildren. I have relations who are private sector and I can see their point of view only too well when we discuss this issue.

shar01 wrote: »

To qualify for full benefits, one must have 40 years service.

Not always. Most public servants yes, but Gardai can retire on full benefits with the gratuity after 30 years, and judges less still.

Biggins

suicide_circus wrote: »

In fairness none of these threads bash public servants, rather they bash some of the outrageous pay and conditions some public servants get, paid for by the tax payer. I think thats a fairly legitimate thing to discuss and complain about.

The OP might have something to complain about if he bothered to state his case while stating in regard to what percentage of public servants have actually participated in the version of events he supposes.
...But no, he just throws this blank, unfounded, unproven, open aspersions upon all public servants.
He does his own ramblings a dis-service and as such are open for justified retort and analytical breakdown, ending up with an opinion as to the quality of his post.

Show us the proof about what your on about gigino, show us to whom exactly your vitriol is directed at and maybe you can be taken serious.
Show us where you get your figures in regard to public servants, what ALL are getting to justify your accusation and the actual evidence for this blank tainting and aspersions of all else!
Back your stuff up or get called out!

gigino

Biggins wrote: »

what percentage of public servants have actually participated

All permanent public sector workers are entitled to the year and a halves salary ( i.e. 18 months ) gratuity on completion of service. If you finish on 200k salary, you get 300k gratuity. If you only finish on 47k salary as your salary when at retirement age ( which incidentally is the average salary across all age groups in the public service ) you only get 70.5k tax free gratuity.

Biggins

gigino wrote: »

All permanent public sector workers are entitled to the year and a halves salary ( i.e. 18 months ) gratuity on completion of service. If you finish on 200k salary, you get 300k gratuity. If you only finish on 47k salary as your salary when at retirement age ( which incidentally is the average salary across all age groups in the public service ) you only get 70.5k tax free gratuity.

So in other words, people are getting (in-spite of government finance interventions at times) what they are entitled to, have signed up for or been awarded as per their right by a state body!

What exactly is your problem with that?

sollar

gigino wrote: »

I think some public servants like myself

:D:D

gigino

Biggins wrote: »

people are getting (in-spite of government finance interventions at times) what they are entitled to,

Exactly, people are entitled to , on average, the cost of 2 new apartments as a gratuity.

People retiring now - eg a cop aged 50 - may not have thought when they joined in 1981 after leaving school they would get this when they retired , but thats the case now. Suddenly retiring public servants are multi-property landlords if they want to be. Yeah! Having a friend who recently spent their gratuity on an apartment for each child and a luxury holiday and new car for themselves, I was wondering What does the average public service retirement gratuity get spent on?

• 2 apartments in Ireland
• a weekend in Las Vegas
• a golf villa in Portugal
• helping the kids get on the housing ladder, or what ?

Biggins

gigino wrote: »

exactly, people are entitled to , on average, the cost of 2 new apartments as a gratuity.
Having a friend who recently spent their gratuity on an apartment for each child and a luxury holiday and new car for themselves, I was wondering What does the average public service retirement gratuity get spent on?

• 2 apartments in Ireland
• a weekend in Las Vegas
• a golf villa in Portugal
• helping the kids get on the housing ladder, or what ?

Frankly, if a public servant wants to say what they do with their money thats their right - as it is of us to politely ask when justified.
But you throw your question out there as if its something they should be held accountable for or there is an element of unfairness about it!

If they have worked all those years and have build up that amount (despite multiple taxes/levies, etc over as many years), at the end of the day its really none of our business what they do with their private, hard earned money.
End of story.

gigino

Most of the money government is spending on pensions is coming from borrowed money, which the country is borrowing at high rates of interest.

Biggins

gigino wrote: »

Most of the money government is spending on pensions is coming from borrowed money, which the country is borrowing at high rates of interest.

Thats the fault of the government - why are you appearing to be very selective and picking on public servants and their hard earned entitlements?

sollar

gigino wrote: »

Exactly, people are entitled to , on average, the cost of 2 new apartments as a gratuity.

Whats this obsession with buying two appartments. If i had 100K in the morning i wouldn't be spending it on 2 appartments.

Biggins

sollar wrote: »

Whats this obsession with buying two apartments? If I had 100K in the morning I wouldn't be spending it on 2 apartments.

I suspect he's just using his "2 apartment" statement as a way to berate public servants in a derogatory way for some still unexplained personal reason!

gigino

Biggins wrote: »

Thats the fault of the government

The government not only work with the public service but are part of the public service, and also get government pensions and gratuities.

Biggins wrote: »

- why are you appearing to be very selective and picking on public servants and their hard earned entitlements?

because , as my brother say to me ( jibes to me ! ) the taxpayer does not give a tax free gratuity of the cost of 2 apartments ( on average ) to each retiring public servant. A gold watch is all some get / many have got, in the private sector - if they are lucky !

Nodin

sollar wrote: »

Whats this obsession with buying two appartments. If i had 100K in the morning i wouldn't be spending it on 2 appartments.

Coke and hookers? Or are you an old fashioned moralist like myself......








....and thinking of weed, booze and 'good time girls'.

Nodin

Biggins wrote: »

I suspect he's just using his "2 apartment" statement as a way to berate public servants in a derogatory way for some still unexplained personal reason!

Public servant GF left him, mebbe.

gigino

I would say most are putting it in a nice safe place abroad now...before its enough to buy 3 nice new government approved apartments here lol

Biggins

gigino wrote: »

The government not only work with the public service but are part of the public service, and also get government pensions and gratuities.

So define your anger towards them and stop silly, blankly lashing out at all!
You do your efforts no justice.

gigino wrote: »

...because , as my brother say to me ( jibes to me ! ) the taxpayer does not giove a tax free gratuity of the cost of 2 apartments ( on average ) to each retiring public servant. A gold watch is all some get / many have got, in the private sector - if they are lucky !

...And yet again, have a go at those that are actually responsible for this outcome. Not those that were luck to be spared and actually only got better what they were entitled to!

DubTony

shar01 wrote: »

Formula for lump sum:
Salary x service x 3 / 80

To qualify for full benefits, one must have 40 years service.

Anyone who stays in any job for 40 years probably deserves decent benefits.

FYP

gigino

Biggins wrote: »

have a go at those that are actually responsible for this outcome.

what do you mean? Its a great outcome for say a Guard who joined in 1981 and who retired last year. The guard who joined in 1981 may not have reckoned on getting a great tip / gratuity ( the price of 2 or 3 apartments ) when he retired on full pension ( 50% of finishing salary ) aged 50, but ....you mean those responsible for this outcome should be attacked ? like the p.s. trade union officials, top public servants, politicians...lol ?

MagicSean

gigino wrote: »

Retiring public servants get a lump sum gratuity payment of a year and a halves finishing salary , tax free, in addition to their normal pension of 50% of finishing salary.

Average salary in the public service is only € 47,000 per annum according to the cso ( www.cso.ie ) but remember finishing salaries are on average considerably higher due to age, promotion, increments etc.
80k will but not one but two new apartments in some parts of the country.
http://www.daft.ie/searchnew_development.daft?id=12590

Begrudgers may ask in what other ( bankrupt !) country would the average retiring public servant - in addition to their annual pension - get a cash tax free amount equivalent to a couple of nice new apartments, built to government specifications in scenic areas, as a tip ?

A few colleagues and acquantances have retired lately. What does the average public service retirement gratuity get spent on? Usually kids are raised, mortgage paid off etc so should it be

• 2 apartments in Ireland
• a weekend in Las Vegas
• a golf villa in Portugal
• helping the kids get on the housing ladder, or what ?

Weren't you banned from the economy forum for all your public service bashing posts?

tayto lover

If thats all they're getting after working hard for 40 years then its a paltry sum.

gigino

Seanbeag1 wrote: »

Weren't you banned from the economy forum for all your public service bashing posts?

I am quite pro public service but question public sector expenditure.

Yes, I am banned for the next 2 days from there;),

Biggins

gigino wrote: »

what do you mean. Its a great outcome for say a Guard who joined in 1981 and who retired last year. The guard who joined in 1981 may not have reckoned on getting a great tip / gratuity ( the price of 2 or 3 apartments ) when he retired on full pension ( 50% of finishing salary ) aged 50, but ....you mean those responsible for this outcome should be attacked ? like the trade union officials, top public servants, politicians...but shure they are on the same themselves..

Dear god you still don't get it.
...And who is responsible?
Stop the lashing out at those that are only collecting that which others is giving them!
Have a go at the pay-masters if you want to bring about change - not bash the receivers for their long efforts and only trying to gain what they can from their pay-masters.

Enough of this rubbish!

445279.ie

How many apartments again did you say? :rolleyes:

Praetorian Saighdiuir

gigino wrote: »

I am quite pro public service but question public sector expenditure.

Yes, I am banned for the next 2 days from there;),

You are boring and should be banned from the whole internet. If you are so against PS pensions then when it comes time to collect yours, I hope you politely decline.

MagicSean

gigino wrote: »

I am quite pro public service but question public sector expenditure.

Yes, I am banned for the next 2 days from there;),

No you aren't pro public sector. You do nothing but attack it with baseless and ill-informed opinions and "facts".

johnthemull

Hello there
I am a public servant waiting to retire soon.
I am spending my lump sum on prostate massage.
is mise le mas a chara etc

ldxo15wus6fpgm

tayto lover wrote: »

If thats all they're getting after working hard for 40 years then its a paltry sum.

What if they're not working hard though? I have a cousin who works in a hospital as part of the administration staff. He has seen plenty of people constantly getting promoted up through the ranks just so they can be got rid of from that particular department, because they don't do a stroke of work. IMO the public service system in Ireland is a shambles.

arybvtcw0eolkf

I could have retired in 2006, I calculated my grat then to be about €15,000 +/-

I'll have to make a decision on retiring (or not) before Feb. 2012 - if I stay on after that date I might be lucky if I can afford two tents for next summer's Electric Picnic.

Just thinking, at a stretch I could squeeze in a paddling pool (unheated) and lord it up over my private sector sloggers.

Biggins

Elise Tight Snorer wrote: »

...I'll have to make a decision on retiring (or not) before Feb. 2012 - if I stay on after that date I might be lucky if I can afford two tents for next summer's Electric Picnic.

You can still have two tents?
Ya rich sod!

MagicSean

Biggins wrote: »

You can still have two tents?
Ya rich sod!

Well he'll probably have to rent one out to help with the bills.

arybvtcw0eolkf

Biggins wrote: »

You can still have two tents?
Ya rich sod!

Pifft, idiot - one can't board one's servants in one's own quarters :mad: