IBEC warning: Public pensions may become unsustainable

A business group is warning the government that if it does not get a handle on public pensions, they will become unsustainable within a generation.

IBEC says public pay should not be accelerated in excess of what already has been agreed.

The group has outlined a number of proposals to the Commission on Public Service Pay and has called for greater analysis of the pay and pensions premium that exists.

IBEC's Maeve McElwee says public service workers are currently getting a good deal: "The importance for the Lansdowne Road Agreement and the work of the public pay commission is that public service pay is actually keeping pace with areas that are stripping pay with private sector in pay comparisons.

"Therefore the unwinding of the Lansdowne Road agreement and Sempi should be managed in accordance with the time-frame already agreed."

More in this Section

Motorcyclist, 40s, dies in Tallaght crash

Man, 19, arrested in connection with fatal 2016 fire

Two men die in overnight crash in Co Louth

Katherine Zappone begins historic visit to Namibia


Lifestyle

Video: This is how you can master Marie Kondo’s ‘life-changing’ method of tidying up

Cookbook review: The Flexible Pescatarian by Jo Pratt

How to make your garden a plastic-free zone

4 things you need to know about matcha, the form of green tea that’s getting a lot of buzz

More From The Irish Examiner