Only 1,106 Public Servants Receiving Pensions In Excess of €50,000

Mr. Bumble

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Any figures for how many ps pensioners receive 36k pension?

And is that the average private sector wage? Just asking for clarity as there are averages for the ps which apparently is highest, and then there is the blended average too.
IIRC the average PS pension is 28k which includes the OAP.
 


Mr. Bumble

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Keith-M

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It's very simple, apply one tax rate for money that is earnt and another (higher) rate for unearned money, whether it be capital gains, inheritance, pensions etc.
 

gatsbygirl20

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Do enlighten me please. I would like to know how pensions are taxed. Is it just like working people's taxes?
A public sector pension (or any occupational pension) is taxed like a normal wage: you have tax, USC and pension reduction levy (the PS pension cut imposed by the FF government in 2010 budget, of between 6 and 12%)

So the pension a PS worker gets every fortnight has those three deductions taken from it...
 

bob3367

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Don't believe so. Isn't first 18k (single/widowed) or 36k (married) exempt from tax for over 65s?
Is that how all occupational pensions private/public are taxed?

Yes, so its taxed normally.
 

bob3367

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It's very simple, apply one tax rate for money that is earnt and another (higher) rate for unearned money, whether it be capital gains, inheritance, pensions etc.
Stock options and RSU,s are taxed in the normal way, ie 52% is taken
 

dresden8

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A public sector pension (or any occupational pension) is taxed like a normal wage: you have tax, USC and pension reduction levy (the PS pension cut imposed by the FF government in 2010 budget, of between 6 and 12%)

So the pension a PS worker gets every fortnight has those three deductions taken from it...
Whereas the state pension a private sector worker gets has only one deduction taken on it.
 

darkhorse

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the bad news is that they cost the exchequer €65.6 million annually. but the good news sure is that Brendan Howlin can do something about the worst of excesses here easily I'd say.

Howlin counts the following cohorts according to the article in the IT by Gordon Deegan Brendan

103 of them rip 100k+ a year
20 make €90,001 and €100,000
37 make €80,001 to €90,000
48 make €70,001 to €80,000
260 make €60,001 to €70,000
638 make €50,000 to €60,000


sure a drop in the ocean if you look at the staggering €2.23bn (2010) public service pension bill overall.

but still adjusting the 50,000+ public pension bill a little would be fair game.
Any info on the age ranges of the recipients?
I'd bet that most of the higher paid 'pensioners' are well below retirement age
The State should not be paying a pension to anyone under the age of 60 / 65
 

bob3367

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Your paranoia has reached new heights lately. Time for a username change methinks sis!
Paranoia is the least of that posters problems.....
 

Sister Mercedes

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Any info on the age ranges of the recipients?
I'd bet that most of the higher paid 'pensioners' are well below retirement age
The State should not be paying a pension to anyone under the age of 60 / 65
That's where the "Added Years" part comes in. Many of them get gifted 5, 10, 15 years of pension rights so they get to retire in their early 50's on a full pension.
 

tokkie

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That's where the "Added Years" part comes in. Many of them get gifted 5, 10, 15 years of pension rights so they get to retire in their early 50's on a full pension.
"Gifted". Can you provide stats on this? Please and thanks.
 

Dougal

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sure a drop in the ocean if you look at the staggering €2.23bn (2010) public service pension bill overall.

but still adjusting the 50,000+ public pension bill a little would be fair game.
However, the data only relates to retired civil servants, the VEC/Institute of Technology sector and seven smaller bodies and agencies.
103 retired public workers sharing €10m pension pot - National News - Independent.ie

Maybe if they gave figures to include all Public Servants and not just a select few sectors, maybe a true comparison could be made.

The title of this thread is totally misleading and inaccurate.
 
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tokkie

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Even better, the "Added Years". There's a good question to ask in the Dail. How many "Added Years" have retired Senior Civil Servants received?
Why not get your local TD to ask it then? Or are you going to continue flouncing around a website as fantasist bully and liar?
 


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