I have welcomed yesterday's announcement by Brendan Howlin of a new higher reduction rate of 20% on public service pensions above €100,000, as a significant move that is progressive and equitable.
Pensions in excess of €60,000 are currently being adjusted by 12%.
Deputy Lyons stated: “Given the fiscal crisis inherited by this Government and the budgetary challenges it presents, it is an imperative for public to see that those who are able to bear most of the burden do so.
Though the numbers affected are relatively small, it is nonetheless right and proper to reduce these pensions, to reflect the challenges we face as a country. These measures follow on from decisions already taken by the Government in reducing the pay of ministers and in securing pay reductions from the semi state sector.
Last week I called for equality proofing to be at the heart of all budgetary decision making and today’s announcement is very much in line with this.
These decisions also show that when it comes to reforms and savings, this Government starts at the top.
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