I’m just wondering, when offered a job in the public sector,is your pension deducted from your salary and if so how much?
Also I know they are getting a rise in October, is there any rises planned for 2024?
I’m retired from the public service, my pension entitlement was deducted from each pay cheque as what is termed superannuation, which goes to pay current retirees, I can’t recall exact proportion. Somebody else will give a better idea.
I find taxcalc.ie gives an accurate breakdown of the pension deductions and what your net pay will be.
Typical pension contribution is 6.5%
plus Additional Superannuation Contribution which is as follows:
Staff hired in 2023 are rate 1.
Extension to the Building Momentum agreement
Under the extension of the Building Momentum agreement for 2022-2023:
3% is due from the 2nd of February 2022
with a further 2% in March 2023
and 1.5% or €750 whichever is greater due on 1 October 2023.
These increases are applied to all public service staff.
So after October is there any more pay increases paid?
how much weekly do you contribute to a pension if you’re salary is €29000
There will be a new deal to be negotiated over the coming months to figure out what increases will be given and when. The unions will negotiate and see if a deal can be agreed or else the alternative is a strike.
They should probably concentrate on paying the previous increases first.
Any indication of what they will get and when would it kick in?
It should be close to this based on 6.5% pension contribution.
Annual pension contribution = (Gross salary * Pension contribution rate)
= (€29,000 * 0.065)
= €1,885
Weekly pension contribution = Annual pension contribution / 52 weeks
= €1,885 / 52
≈ €36.25
If anybody joins the PS now, they will join the Single PS pension scheme.
Here is a scheme booklet:
https://singlepensionscheme.gov.ie/for-members/scheme-information/scheme-booklet/
Please see the breakdown of the 6.5% contributions below:
We would likely get the first increase in February and the next one in October if it's similar to the one in place now. I'm hoping we get 10 percent but that is probably very hopeful.
Why are ye exspecting another pay deal this year comming which will result in a rise? I’m working I in the private sector and haven’t got a rise in years but I’m been considered for a job in the public sector
I would say the next deal would be something like 2% March 2024, 1.5% Oct 2024, 1% March 2025 or similar max - some prices are falling so the Govt will be leaning into that
If you haven't had a pay rise in years private sector you need to move jobs (or at least threaten and be willing to), inflation is rampant and employers are dying for people.
I suggest you should do something about that: "No rise in years"
Here are the typical pay rises recently:
From 730 to 900 per week over five years, that is a 23% rise over five years.
The PS has lagged behind that.
Over five years, pay in ICT is up 36%.
The average rise is 23%.
You say that you "haven't got a rise in years", this means your real wages are falling, have you considered joining a trade union?
The lowest rise is in Transport, at 10%.
Workers are expecting a pay rise, as inflation has been higher than increases in nominal pay.
Real wages have been falling in the PS, so a pay rise is required to help wages catch up.
I would hops there woukd be strikes if that was the pay deal. It would be a serious insult for DPER to even suggest that would be acceptable.
Why don't you do as was suggested above? If not happy with your lot, find another job. There's plenty out there.
Or too much of a coward to wean yourself off the teat of the State?
I'd be more worried I'd end up working with an idiot like you tbh.
So when the public sector gets a rise it goes on each pay level? So if you start on point 1 and they give a rise of €750 next October that also goes on point 2 so when you get on point 2 your money is gone up again?
If a general increase is expressed purely in percentage terms, that is applied to each point of a given salary scale. As a rule there is not a flat amount for all.
There have been minimum amounts set which means lower paid get a minimum increase
In Oct it will be €750 or 1.5%, whichever is higher
I was talking to payroll last week about the payment of money owed to those of us who moved departments before it was paid. They don't have a timeline yet.
That’s ridiculous at this stage. It’s clearly not seen as an urgent issue as most of the staff have been paid. Did you look into approaching the WRC after?
I wrote to them and got their take on the withholding of pay. It breaks the act. I've not had a chance to email the payroll on it though.