How do people feel about this one? Will it be short and sweet?
Mod warning:
https://www.boards.ie/discussion/comment/121425200/#Comment_121425200
I don't get the impression that anybody would be happy to accept a three year deal.
They could also legislate for another version of FEMPI at anytime in the future, just give it a different acronym.
Unless it was over 15% which it certainly wont be
Depends in how far over because 15% over 3 years would be terrible, considering how bad the past few years have been
But they do love the multi year where they can throw out a large headline figure hoping that people don't actually do the division
We have different opinions on what we will get offered and whats a terrible deal. 15 over 3 years for me is par. I also dont think for a second it will be that high. I think itll be over 2 anyway. Think an article said its opened the door to a 2 or 3 year deal. Id much rather a one year deal cos i think you are right they like a headline figure to be spread out over ages.
I'd agree with you, normally, but not after the government asking for restraint last year and that it would be made up in the real deal, now.
If we accept a **** deal then we deserve everything we get.
After the last 2 years of massive inflation and inflation probably outstripping 6% next year (and further) a 15% over 3 years will mean that everyone of us will be able to purchase less and thise struggling, currently, will be pushed further towards poverty
Isn't inflation predicted to be around 3% next year? I don't think 15% is a "terrible" deal. It could be a good deal but it also could be a bad deal. There is just too much uncertainty (Trump maybe getting reelected, Russia being unstable, China could invade Taiwan any day, Gaza etc. Of course none of that could happen as well).
I personally would not like to see a 3 year deal and think a 2 year deal is far probably about fair.
I think inflation is set to be 2 point something next year but those predictions seem to move all the time , but i agree we have lost out to inflation , im not fully sure but i read the increase we did receive only half matched it. Either way with the madness thats in the world since Covid i just dont see a 3 year deal being a good idea.
It doesn't seem to be on anyone's agenda at all to get the PRD/ASC removed. It seems that the unions have given up on this one, which is very disappointing for their members.
You are right it is a bit crap theyve given up.
Motorway tolls increasing from 2E to 2.10E to 2.30E over 18 months should be an indication of what real cost rises are like for employees.
The official travel and substance rate require major uplifting also.
Sorry for the ignorance (I was a child throughout the whole of the recession lol) what's the significance of the remaining parts of FEMPI and how does it affect me
From what i read , i think they want parts of it removed that is currently preventing any localized pay deal arrangements being done eg firefighters pay, its only a deal for all that can be done at the moment because of the fempi agreements. So how that effects you depends where you are , if you are civil service then i dont really think it does affect you as you arent a niche enough group.
There's also the Pension Related Deduction / Additional Superannuation Contribution that takes 6%-8% of your public salary, brought in during the recession as a unilateral measure, in a way that no other employer could do - abusing their tax raising power to target their employees.
They say that if you say Pension Related Deduction three times in the mirror, Salon Fire appears in the background and gets angry about cyclists.
Pension Related Deduction has already been "undone". PRD's were removed and replaced by the ASC. The ASC is a permanent employee contribution. To answer the original question, no, unwinding the end of FEMPI won't remove ASC i.e. FEMPI and ASC are different.
https://www.publicservicepensions.gov.ie/en/topic/additional-superannuation-contribution-asc/
So they used FEMPI to shoehorn in a salary deduction they then made permanent and renamed a "contribution"? Still seems unfair...
It does and I think it is unfair but unwinding FEMPI won't remove ASC, that's all I am saying.
Legalised robbery. Change the name and they won't know.
You'd be surprised how many people still don't realise it's being deducted and what it is.
With mandatory pension contributions coming in the near future for the general populace there's no way they're getting rid of ASC. It's here to stay.
Im pretty sure thats just what they have in the Uk which is mandatory enrolment. Which is a great idea cos most then dont bother stopping their contributions. But auto enrolment is very different than mandatory pension payments
There are no mandatory pension contributions coming in the near future for general populace. There are default opt-in pension contributions, which is very different.
It is crazy when you think about it , i mean salonfire and his ilk will say oh well you get a "gold plated" pension out of it. But those deductions were not what staff had signed up for.
Just ask Salon why exactly is it that Financial Institutions have a different Mortgage calculator for Public Servants and see how he explains that away! It is well acknowledged by those without an agenda that €50k Gross in the Public Service is considerably less than €50k gross in the private sector.
Tbh I hadnt heard that and I used to work in mortgages, maybe its changed , but from my knowledge -the banks allow gross for your total lending amount for any worker. Ie 4 times your gross salary. They only care about net in terms of repayment capacity , ie spending , saving etc. Also FYI for anyone reading a lot of places will bump you up two places on your scale when assessing the 4 times your gross income. That could be only 3 or 4K but i guess its still that times 4 or 4.5 if you have been granted an exception , which can be easier for public/civil service workers to get.
Off topic now, but as I understand it it will be mandatory that the populace contribute to pension savings for at least 6 months of the year? Subject to being in employment status of course.
No.
The PRD has been re-named, and made permanent.
I have not looked up the details - what is the significance of the legislation mentioned in the news?
I got a mortgage with Bank of Ireland and when the advisor was calculating the amount I would be pre-approved for it was three and a half times my gross less 10%. She referred to the 10% as a ''Civil Service levy'. When I questioned it she said it was as a result of the PRD which had been introduced a few years earlier. This was maybe ten years ago.
Ironically her husband was my boss at the time!!!
min wage is going up 12.8% in one year
tolls up 9.5% start of next year
the price of everything has been and continues to be on the up
Jaysis i hadnt heard of that!
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