Dáil Éireann Debate, Wednesday - 23 November 2016
129. Deputy Dara Calleary asked the Minister for Public Expenditure and Reform the cost of implementing the Lansdowne Road agreement as it is currently agreed for the years 2016 to 2020 by month and by year in tabular form; and if he will make a statement on the matter. [36477/16]
View answerThe Lansdowne Road Agreement extends the Public Services Stability Agreement to September 2018. The cost of the Agreement is €844m. Details of the measures contained in the Agreement are set out below:
|
2016 |
2017 |
2018 |
|
€267 m |
€290 m |
€287 m |
Pension Related Deduction (PRD): Exemption threshold changes as follows:
- 2015 increase from €15,000 p.a. to €17,500 p.a.
- 1 January 2016 increase from €17,500 p.a. to €26,083 p.a. an annual benefit of €733
- 1 January 2017 increase from €26,083 p.a. to €28,750 p.a an additional €267
Pay increases as follows:
- 1 January 2016 annualised salaries up to €24,000 to increase by 2.5%;
- 1 January 2016 annualised salaries from €24,001 up to €31,000 will increase by 1%;
- 1 September 2017 all annualised salaries up to €65,000 will increase by €1,000;
Over €65k Pay Restoration: Those on salaries over €65,000 p.a. will get the additional reduction imposed on this cohort under the FEMPI Act 2013 restored as follows:
- €65,000 to €110,000: half on 1 April 2017, half on 1 January 2018,
- Over €110,000: one third on 1 April 2017, one third on 1 Apr 2018, and one third on 1 April 2019.
