Irish public sector pay/pensions to rise 16% in period 2005-2010; Pay up 11%: Pensions up 66%; Pensioner numbers rise 43% to 103,400
Jul 14th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Department of Finance said in its Analysis of Exchequer Pay and Pensions Bill 2005 - 2010 report, published this week, that the net Irish public sector Pay and Pensions bill is projected to increase by 16% in 2010 to €15.09bn - - a decrease of 8.4% over the 2009 figure of €16.47bn. While pay increased 11% in the period 20015-2010, the pensions bill has risen by 66% since 2005 while pensioner numbers have increased by 31,000 or 43% to 103,400.