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Possible voluntary redundancy in the public service.

  • 20-04-2021 4:09pm
    #1
    Registered Users Posts: 89 ✭✭ ceoltoir


    I'm very lucky to have a public service job. In my early sixties now but I want to give up my job, leave the city and live in the country. My pension will be quite small.

    Wondering whether, due to the unfortunate circumstances of the past year, the public service will introduce a voluntary redundancy scheme in order to cut numbers.

    Should I jump now or wait a while?


Comments

  • Registered Users Posts: 4,563 ✭✭✭ SouthWesterly


    ceoltoir wrote: »
    I'm very lucky to have a public service job. In my early sixties now but I want to give up my job, leave the city and live in the country. My pension will be quite small.

    Wondering whether, due to the unfortunate circumstances of the past year, the public service will introduce a voluntary redundancy scheme in order to cut numbers.

    Should I jump now or wait a while?

    Unlikely to happen.

    Departments are stretched with working from home.


  • Registered Users Posts: 27,467 ✭✭✭✭ drunkmonkey


    They'll have to hit the public service some how, I'd expect voluntary redundancies at the very least, no way the private sector can carry the can alone for what's coming.
    I'm not believing this blockbuster recovery for the economy any time soon a lot of businesses are not viable anymore once Government supports are taken away.
    A lot working from home in either sector should be concerned as their jobs are prime for outsourcing.


  • Registered Users Posts: 217 ✭✭ Skippette


    I wouldn't be surprised if an offer comes up in towards the end of the year or beginning of next year.

    My thinking behind it is, once the vaccine program fully rolls out, all going well every adult should have a vaccination by the end of summer, start of Autumn (fingers crossed). The government should have an idea of the long term damage of the economy and the jobs lost. They might start to look at cutting the PS wage bill. (Cheaper to have new hires than staff at the top of the scale) - Plenty of Public Jobs campaigns going on at the moment.

    Then I think you will see some managers pushing people to get back into the office, this might in turn, push people to retire somewhat earlier than planned because they don't want to go back into the office and have gotten used to WFH. Depending on the number of staff that choose this option, the government then may offer a sweetener for others to join them.


  • Registered Users Posts: 7,698 ✭✭✭ BrianD3


    The package wouldn't be a good one if you are in your 60s. They would look at how long you have left until retirement age and calculate your package based on that and in a way that would favour the employer. There would be no negotiation on it either, take it or leave it.

    IIRC the Dublin Airport Authority (obviously semi state rather than public service) had a voluntary redundancy scheme in recent years, you could google the T&Cs of it.


  • Registered Users Posts: 290 ✭✭ Bicyclette


    I personally can't see it happening to be honest.

    There are a lot of people due to retire over the coming couple of years. These are all people who started in 1979-80 or before that, and who are on the good salaries and good pensions. Significant numbers of people were taken on at that time. They will let these people retire and won't replace a good number of them.

    And they have saved a lot of money over the last year by taking on far fewer TCOs. I can't see many TCOs being taken on this summer either.

    They will also take advantage of people working from home and not renew certain building leases coming up for renewal. They now know they don't have to have buildings which accommodate 300-400 people.


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  • Registered Users Posts: 531 ✭✭✭ datk


    ceoltoir wrote: »
    I'm very lucky to have a public service job. In my early sixties now but I want to give up my job, leave the city and live in the country. My pension will be quite small.

    Wondering whether, due to the unfortunate circumstances of the past year, the public service will introduce a voluntary redundancy scheme in order to cut numbers.

    Should I jump now or wait a while?

    When did you join? You may be able to retire once you hit 60 without any factoring of your benefits. Don’t know of any recent VERs that give extra years etc. Best thing available has been people being able to retire before min retirement age (but over 50/55) without their benefits being factored and if you’re Class A allowing supplementary pension which would equate to someone on Class D - if you don’t have full service it won’t be the full state pension. So if you can retire at 60 and want to go then now might be the time if the country/world is starting to open up


  • Registered Users Posts: 25,886 ✭✭✭✭ Wanderer78


    They'll have to hit the public service some how, I'd expect voluntary redundancies at the very least, no way the private sector can carry the can alone for what's coming. I'm not believing this blockbuster recovery for the economy any time soon a lot of businesses are not viable anymore once Government supports are taken away. A lot working from home in either sector should be concerned as their jobs are prime for outsourcing.

    There actually doesn't need to be major cuts in the public sector, in order to get the economy going again, yup we ve been putting way too much onto the private sector for that, we really should be expanding the public sector after this, in particular public debt, but since we ve convinced ourselves that this is the work of the devil.......

    Op, maybe hold off for another few months, I'm expecting lots of dumb things to occur, such as deep public sector cuts, as soon as this is done, so you might get lucky. Best of luck


  • Registered Users Posts: 393 ✭✭ AnRothar


    ceoltoir wrote: »
    I'm very lucky to have a public service job.

    Wondering whether, due to the unfortunate circumstances of the past year, the public service will introduce a voluntary redundancy scheme in order to cut numbers?
    You mention You work in the "public service".

    While you ask a general question your answer cannot be a general one as the "public service" covers a huge range of orginisations.

    Most "public service" organisations will merely have paused recruitment.
    As indicated by a previous poster anyone hired in the 1980's within many of these organisations will becoming eligible to retire soon.

    So without specific sectoral knowledge the best general answer you will get is a no.


  • Registered Users Posts: 89 ✭✭ ceoltoir


    Thank you very much everyone for responding. I don't think I'll be holding my breath!


  • Registered Users Posts: 10,836 ✭✭✭✭ snoopsheep


    ISER schemes offered an ok deal last time around, no idea yet whether we'll be in that territory tho


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  • Registered Users Posts: 393 ✭✭ AnRothar


    snoopsheep wrote: »
    ISER
    Who are?


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