How do people feel about this one? Will it be short and sweet?
Mod warning:
https://www.boards.ie/discussion/comment/121425200/#Comment_121425200
The deal will be presented in very clear terms to members, it's not really a matter of realisation.
There is no 'fund' as such, it's a totally different financial instrument.
It's 9.25% the additional 1% apparently is not for everyone. Maybe more clarity can be given on that.
Ohhhh regaling.....Ohhh. You've a serious chip on your shoulder. As I've said I know the likes of you. Female middle management no doubt.
Exactly this. I'd vote no based on that alone. 10.25% I would have given a yes.
There is no pension pot/paying in, ability to 'max out' contributions in the public sector.....in the same sense as in private pension schemes in general though.
It is likely that the percentages coming into the exchequer to pay public pensions will increase which isn't really an issue so long as the exchequer keeps taking in enough to cover this.
It's a no for me then. I probably would have voted yes if that was included. Its too long for 9.25%. It prob will still go through. Alot may not realise they don't get that additional 1% and vote it through
Oh did you rejoin a Union in the last few weeks so? Surprised you're willing to part with the subs.
Especially after regaling us (multiple times) of how you dramatically left the Union because of PSEU members crossing a picket line.
I take the very simple view with Public Sector Pensions - if a private pension fund collapses, that's your problem. If the Public Sector Fund collapses, that's the governments problem.
The pension pyramid scheme simply has to collapse at some point in the next 10-30 years. Simply not enough paying into it to fund all those retiring.
I always cringe when I hear colleagues moaning about living from paycheck to paycheck and them maxed out on their voluntary pension contributions - "But.. But... it's tax efficient and the "pensions advisor" told me I need to start paying into it as soon as possible in my career" 🤣
What's going to happen is they will keep delaying for longer and longer the payouts for those retiring. Workers either have to go on welfare for longer or keep working for years passed retirement. Half the workforce will be the same hunched-over, work-beaten people desperate to retire but they'll still be in their jobs out of financial fear.
And what exactly is the issue with that, if they were that way inclined and able to vote?
The same as yourself.
Review all available information, look at how it applies to your own personal situation and vote accordingly.
Yes I do. You always have to have a snipe at the end of a post. I know managers like you in the Civil Service.
I've been relatively clear and consistent on this thread, I dont really care about the "effective pay rise", I only care about the headline figure. In 2026, I'll have a gross salary that is 10.25% bigger then what it is now (ignoring increments). I've 30+ years, and that 10.25% is great to have for my pension.
I get a 2.25% increase in March*, thats about €60 a month. Even if I got a 4.5% increase in March, its about €120 a month. Its not a significant amount of money to me. However, the gross increase I get for another 30+ years.
Others care about the effective pay increase over the year, fair enough. I don't.
*yes, its backdated but the Unions will agree/disagree on March 25th.
And you're one of those who would have voted to accept 6% percent over three years.
If you had a vote, which you don't.
The majority obviously feel that the inflation figures aren't as big an impact on their own personal circumstances are some here appear to think. That's the bottom line really.
The 1% sectoral agreement part. Is everyone going to get that? If not, why is everyone calling this 10.25%?
The reality is that pay rises in any sector dont match inflation in general.
Inflation effects everyone differently, and that ultimately is what people vote on- their own personal circumstances.
As stated earlier I would be more concerned about the continued erosion of pension entitlements rather than a significant across the board pay rise that is equitable towards the lower paid.
Another negotiation in 2026 and move on again.
You're one of them that would have voted no for 20 or 30 percent.
Use your vote to say no if you don't like it, like myself. As you're very aware though the majority do not care and see double digits and will say yes please.
One poster said the deal is "pretty decent" another says its an "excellent outcome". Oh dear.
10.25% is pretty decent and move to the private sector................It's a 3.1% effective increase in 2024 (which is lower than forecasted inflation - never a good sign in January) and an effective pay rise of 2.4% in 2025 (I wonder will that be lower than inflation????) and 1% for the first 6 months in 2026 (so we won't get another increase til October 2026 I'd imagine in the next pay deal) so a sub 2% pay rise in 2026 (I wonder will that be lower than inflation????)
An awful deal for public servants and they won't even know it. signing upto real pay cuts over the next 2.5 years after a 6.5% pay cut in the last 2.5 years. The headline 10.25% will fool loads of people. The Unions saying two weeks ago that the offer from government was far below what they wanted and after all that, they get another 0.75% for 2 months initially and 1% extra 29 months into a 30 month deal. God it's pathetic. But 90% of public servants evidently don't understand the concept of inflation or what real purchasing power of wages/salaries actually means.
Plug it into taxcalc.eu for general guidance on this.
It's will all depend on what tax credits a person has and everyone is different.
can anyone simplify how much this is in the pocket (after tax) of someones monthly take home for the following wages?
35k
95k
Thanks
So when tax, prsi, pension etc are included an increase of roughly €2,400 (50% is about the rate) or about €45-50 a week
Its not bad, but taking 2 and a half years to get there isn’t great either
So a deal that zealots on either side aren’t happy with, probably showing it’s a fair enough deal
EDIT - that’s in reply to the 50k post above
As someone who moved from private to public sector mid 2022, accepting the drop that came with it and still getting used to all this craic, I can only look positively on what has happened since with HRA hours, Building Momentum and now the latest agreement.
Still need to educate myself on the specifics but welcome news in this house having recently come out of a fixed term mortgage and getting rinsed.
Nobody cares. Seek argument elsewhere.
I amended my original post. The last figure is a 9.88% increase overall. The other figures are still correct. Apologies.
This local bargaining element is very opaque and I'm not sure if I agree with it being included in the 'headline' 10.25% figure as, as it stands, it's not guaranteed to anyone. My reading of the document re this is as follows:
The practical implementation of this on the ground is very unclear though - will the unions pursue a general 1% for everyone? Or will different groups be fighting it out? If so, will some groups be able to get more than 1% given that the government seems to be committed to funding an amount equivalent to 1% of the public pay bill - e.g. could we have a situation where, say, nurses get 2% in September 2025, but medical consultants get nothing? Note it's explicitly stated in the agreement that the principal of relativity is excluded - i.e. "Group X have always been paid at 80% of Group Y. Group Y have got an increase, so Group X must too".
No, it’s for particular workers e.g. firefighters and will be negotiated separately. Most civil and public servants will not be part of 1% local bargaining.