The Croke Park Agreement is an IMF dead duck,what to do?

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patslatt

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Three quarters of government spending is pay and pensions,so it is unlikely to escape the IMF's cuts. Probably the easiest way to prevent pointless public sector trade union industrial action over cuts would be to offer them a new bargain with the following elements:

1.Any redundancies and pay cuts needed to meet IMF targets would be reduced to the extent targets are met for efficiencies and savings in government departments and agencies.

2.Since pensions are actuarially unfunded for the higher paid civil servants,they must contribute to their full funding. Enough revenue could be generated from this to substantially reduce pay cuts and redundancies that would occur otherwise. In the case of the Garda Siochana,full funding would be prohibitive because of relatively young retirement ages and an exception could be made for them. Full funding would also be prohibitive thanks to the pension adjustments linked to increases in the pay of the job held,so a choice could be given to existing employees to accept an adjustment equal to that of the old age pension in return for a reduced contribution. New employees would receive the latter adjustment.

Pension actuaries would enjoy a boom working out the calculations.
 


Luigi Vampa

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Three quarters of government spending is pay and pensions,so it is unlikely to escape the IMF's cuts. Probably the easiest way to prevent pointless public sector trade union industrial action over cuts would be to offer them a new bargain with the following elements:

1.Any redundancies and pay cuts needed to meet IMF targets would be reduced to the extent targets are met for efficiencies and savings in government departments and agencies.

2.Since pensions are actuarially unfunded for the higher paid civil servants,they must contribute to their full funding. Enough revenue could be generated from this to reduce pay cuts and redundancies that would occur otherwise. In the case of the Garda Siochana,full funding would be prohibitive because of relatively young retirement ages and an exception could be made for them. Full funding would also be prohibitive thanks to the pension adjustments linked to increases in the pay of the job held,so a choice could be given to existing employees to accept an adjustment equal to that of the old age pension in return for a reduced contribution. New employees would receive the latter adjustment.

Pension actuaries would enjoy a boom working out the calculations.
Pat we know you are a FF/FG/IBEC/Golden circle spook and we're sick of this rubbish.
 
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