How do people feel about this one? Will it be short and sweet?
Mod warning:
https://www.boards.ie/discussion/comment/121425200/#Comment_121425200
In December Ireland had the fourth consecutive quarter of decline, meaning that the Irish economy is technically in recession. Back in November, Irish inflation dropped to 2.3%
Obviously if public sector pay increases 10.25% we can see that putting upward pressure on inflation again.
But hey, there is an election coming, the powers to be that make the decisions need the votes, and they are not worried if the 10.25% comes from cutbacks, further borrowing or increased taxation on everyone else.
So be it. Thats the facts.
They can't use it for general increases this time. Only claims e.g. parity, job evaluation, review recommendations, etc.
1 month inflation between November and December was 0.5%. Prices on average increased by 0.5% in one month.
12 month inflation is 4.6%.
We don't know what inflation for January 2024. We don't know the Dec-Jan increase or decrease in prices, we do not know the 12 month inflation rate. We don't have any data points in 2024 so the rate is undefined (which is just easier to say 0 until we have such data point).
I'm not that surprised the government caved in to the unions and gave such a big pay increase. My brother works in the public service and he and his colleagues are all delighted, cannot believe their luck. As you say, including increments it amounts to about 6% pay rise per year. Inflation now is 0%. A lot of things are falling in price. There is an election gearing up in a year. The politicians also find it easier to justify there own pay if the top people who work for them / in their departments are very well paid too, and not disgruntled.
And ignoring so many people not getting increments
Also ignoring that increments are part of an initial remuneration package which people budget for years in advance. They are not pay raises
So still not 25%?
A teacher on point 9 is on €54,374 today.
With increments, they will be on €58425 after two years. Apply the 9.5% increase at the time the deal expires sees an increase of €5,404 to €63,829
€54,374 today to €63,829 when the deal expires is an increase of 17%
If married to a spouse who's also a teacher, they'll also get an increase of 17%
Why is only 5.7% more money in your pocket over the next 2 years a bad thing?
What's the equivalent inflation calculation?
I'd begrudgingly take this deal over 18 months
What percentage though?
Give a figure.
Definitely higher than 3.4% this year, 3.1% in 2025 and 1% in 2026 ..... which is all this deal is offering.
Youre not delighted. People have differing views.
The only negative views i have heard about the package have been on boards.
What % would you be happy with?
I'm a teacher. Teachers are not delighted.
Has coffee with a teacher mate of mine. He and colleagues are delighted with the deal. Teachers are never usually happy so that speaks a lot.
For the posters who think its a poor deal ill ask again. What figure would you have settled for?
is there a mechanism in the latest deal to revise the 2025, 2026 figures like last time if inflation powers ahead again e.g. due to war in red sea disrupting oil etc.
otherwise in current uncertain environment the deal is not worth it
This deal sounds great on paper. Media reporting salary increases of 10%+. It is true that your salary will be 9.8% higher on 1st June 2026 but the reality is that you're only coming out with 5.7% more money than if there had been no pay increases at all and this is over 30 months.
The actual pay increases are 3.35% for 2024, 3.1% for 2025 and 1% to June 30th 2026. Hardly jaw dropping figures and these figures won't be enough to stem the flow of emigrating teachers, nurses, and other essential public servants.
I'll vote against this deal but the reality is it will pass.
No its not. It is up to the unions to decide at a sectoral level how to divide up the 1% e.g. a larger amount to deal with a pay issue in one group vs a 1% for everyone. Can't blame the govt for this one if we don't all get the 1%
That's a lot better than I was going to reply
I was thinking why not have a threesome and then it's an increase of 29.75%
**** if one was even a little more adventurous and didn't just dabble in polygamy but really committed the sky is the limit...if you had 4 the increase is 37%😂...that's absoluting beating the living **** out of inflation
Cant believe noone thought of this before as a way to get unlimited free money!
On the 1% for September 2025, my reading of this is that there is Collective Bargaining open for discussion until Summer 2024. The maximum agreement under this arrangement is 3%, with the first payment in September 2025.
However, if we're good little piggies, and don't take any form of industrial action, we will get the 1% in September. I am open to correction on this, but this was done in previous agreement(s).
When simple figures confuse someone there is probably no point trying to argue with them
As for the deal - I don't think it's great but I don't think we'll get better so a yes from me.
Unions have failed me previously in the past so have no high regard for them/
I’m keeping this simple for illustrative purposes.
On 1st January 2024, Person 1 and Person 2 earn €100k per annum each, therefore their household earns €200k per annum.
Both get a pay increase of 9.25% over 2.5 years in a deal that ends on 30 June 2026.
On 1st July 2026 both Person A and Person B earn €109,250 each, therefore their household income increases to €218,500, an increase of 9.25%, not 25%.
We’ve no measurement until it’s measured in February by the CSO. It’s a discrete system.
Inflation for 2024 is predicted to be 2.7%. Assuming it’s linear, that’s 0.23% per month. Were being given 2.25% on day one.
This deal will easily cover inflation over the period of the deal.
this deal does not cover the outstanding 6.5%.
Inflation has been zero since Jan 1st?
Fantastic!
Ok. That's your opinion and you are entitled to it. I can appreciate where you are coming from.
Frankly, given all you've said on this thread, I choose not believe a word of this.
Was that aimed at me?
Yes i am now in the union. A few reasons why i rejoined.
Unlike the pseu and ahcp etc id never cross a picket. Regardless of my views on potential strike action i wouldnt break a picket. Im not a scab.
Most of the sector cash seemed to be just paid out pro rata in the last deal.
I notice you have avoided answering the question.
Have you rejoined the Union since we last discussed it on January 9th, or not?
All that is required is a yes or no answer.
Because if not, you're lying about having a vote, and FYI, "an opinion" is not the same as a vote.
Everything else you say to me, frankly, is irrelevant to me, though making misogynistic remarks is a new low.
No, im not arguing that.
Im pointing out that people on this thread are claiming the effective pay increase for 2024 is 3.08%. They are then going and looking at the predicted inflation rate for 2024 and saying we’re losing money.
The predicted inflation rate for 2024 is 2.7% (EU from Nov., this may have been updated). The effective inflation would therefore be 1.5% (approx and assuming it’s linear).
This deal will easily outstrip inflation over the next 2.5 years.
This deal does not address the outstanding 6.5%.
edit: this “effective” pay increase for 2024 stuff is just nonsense.
I've lost you. Are you trying to argue there is no correlation between inflation and salary rises?
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