How much do you think p.s. retirement gratuity should be - 2 apts ?

gigino

Retiring public servants get a lump sum gratuity payment of a year and a halves finishing salary , tax free, in addition to our normal pension of 50% of finishing salary. http://www.cspensions.gov.ie/faq1.pdf

Average salary in the public service is € 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

Is it fair on the future taxpayers of the country that the country borrows to pay the average retiring public servant - in addition to our annual pension - a cash ( tax free, lump sum ) amount equivalent to a couple of nice new apartments, built to government specifications in scenic areas, as a tip ?

People who retire usually have their kids raised, mortgage paid off etc so what should the retirement gratuity be ?
I am sure some people from both the public or private sector has got a nice little lump sum windfall. Considering the state of the economy, should it not be taxed, instead of fully tax free, at least for amounts up to 200k ?

Idbatterim

the tax free lump sum should be scrapped, there are already enough perks! Also why should the state concern itself with people's pension, bar providing a basic state one? after that people can invest part of their wages in one or sell and leaseback their house upon retirement. Look at the pensions they are entitled to, they probably no longer have dependants or a mortgage! it is beyond madness...These ridiculous pensions are effectively a massive inheritance fund paid for by the government to ex employees who in turn leave it all to the sons and daughters! I think it could be better spent on infrastructure, education, health, crime prevention, community facilities etc...

RichardAnd

Gigino. I have, personally, seen you raise this point at least five times, often within threads that have absolutley nothing to do with any aspect of the public service.

My own opinion on this issue (and it is a real issue) does not matter because I know what will come of this thread; narrow minded public sector flaming and naught else.

Tracker mortgage holder, public servants, semi-state employees, the unemployed and whomever else might be coughed up by RTE as part of their master's latest Red Herring scheme. When the begrudgery stops, we might grow up and stop sowing the seeds of our own problem again, and again.

Nobody needs to quote my post, I'm not coming back to this one.

Scofflaw

gigino, you were banned for three days for harping on about this. You're just back from your ban, and here you are - banging on about it again.

Banned for a month, final warning, next one's a permaban.

moderately,
Scofflaw