Tag Archives: Pensions

Submissions by ARCO to Government Ministers on Pension Issues

Having already made a comprehensive submission to the Public Service Pay Commission on 03 April, and having published its Strategy on Pension Related Issues on this website, the EXCOM of ARCO made submissions to the:

Minister of State with Responsibility for Defence and the

Minister for Public Expenditure and Reform,

on 04 May 2017, in which it took the opportunity to advance its position on the following pension related matters:

  • the valuation of public servants’ pensions,
  • the process of pension restoration under FEMPI,
  • the mechanisms associated with pension abatement,
  • the determination of pension increases, and
  • access to an independent third party mechanism for pension related issues.

These additional submissions may be accessed by clicking on the respective Minister’s titles above. Again, the EXCOM welcomes feedback on these documents.

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ARCO’s Strategy on Pension Related Issues – May 2017

The Public Service Pay Commission is expected to submit its report to Government in May 2017. Talks on public service pay will follow. In parallel, the Government will focus on significant pension reform for State employees. A commitment to reverse the public service pension deductions by 2021 is provided for in the Programme for a Partnership Government. In the interim, corrections in pensions are reflected in the amelioration process on 01 January 2016, 01 January 2017, and 01 January 2018. Beyond the process of pension restoration and pay negotiations, it is likely the Government will further address the adjustment of the value of public service pensions by means of pay or other linkages.

During active service and in retirement, ARCO’s membership made a significant financial contribution in the delivery of unprecedented savings across the public service. In the current financial climate, 2021 as a possible date for the full restoration of pensions is unwarranted and unfair. The value of pensions should be protected, and an appropriate independent third party mechanism is necessary to address pension anomalies and entitlements.

In this context, the EXCOM has developed a comprehensive Strategy on pension related issues. The Strategy provides relevant information, outlines ARCO’s position on specific subjects and prescribes the associated implementation process. The objective is to inform ARCO’s membership on evolving pension issues and to provide the EXCOM with material for use in submissions to external stakeholders.

Subjects addressed include: Valuation of Public Service Pensions, Pension Restoration, Pension Abatement, Provision for Pension Increases, and Independent Third Party Mechanism.

Each section contains relevant information, statistics, and constructive analysis. Within key sections, both the Government’s position and ARCO’s approach to address specific issues are outlined. For ease of reference, ARCO’s position on all issues is consolidated in Annex ‘A’. Annex ‘B’ provides an Aide Memoire (TACAID) of key lobbying issues.

Availing of the information contained within the Implementation Section and Annex B, members are encouraged to be actively engaged in the lobbying process. Feedback on the Strategy will be welcomed by the EXCOM.

Following on from its submission to the Pay Commission, the EXCOM made submissions to the Minister of State with Responsibility for Defence and the Minister for Public Expenditure and Reform on 04 May 2017. These additional submissions will be posted on the website, in due course.

Link to Strategy

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Submission to the Public Service Pay Commission

Public Service Pay Commission. On 18 October 2016, the Government approved the establishment of an independent Public Service Pay Commission to advise it on public service pay. The Commission will shortly provide an initial report to Government on public service remuneration in the context of the Financial Emergency Measures in the Public Interest Acts 2009 – 2015. In its findings the Commission will take account of the superannuation and other benefits that apply in the public service and will consider the issue of public service pensions in the context of the Department of Public Expenditure and Reform’s pension evaluation. The inclusion of the value of Public Service Pensions in the determination of the Commission’s findings will have major implications for future levels of pay in the Public Service and will impact significantly on how pensions are calculated.

ARCO’s Submission. On 03 April 2017, ARCO made a substantial submission to the Commission, advancing its concerns on the mechanism used for calculating the value of public service pensions and conveying the Association’s position on the process of pension restoration under FEMPI. ARCO’s submission also addressed the determination of pension increases, existing pension anomalies, and access to an independent third party mechanism by retired public servants. The EXCOM welcomes feedback on the submitted document.

LINK to ARCO’s submission

PENSIONS

On 03 April, ARCO made a formal submission to the Public Service Pay Commission on pension related issues. A STRATEGY ON PENSION RELATED ISSUES, drafted by a Working Group, will be presented for approval by the EXCOM on 21 April. Subsequently, the Strategy will be made available to the membership by means of the Association’s website. In the interim, the Alliance of Retired Public Servants has circulated a Toolkit as a guidance document in lobbying politicians on key issues such as the restoration of pensions.

At both national and local level, the lobbying process will target political stakeholders, especially Government Ministers, their respective advisors, and members of the Oireachtas, Councils and County Councils. 

Link to Alliance’s Lobbying Toolkit.

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ARCO Subscriptions

ARCO members who paid their annual subscription by pension deduction in March will see a further deduction of €25 for ARCO in their April pension cheque. This additional deduction was caused by an administrative error on our part and Pensions’ Section will refund it in the May pension cheque. Apologies for any inconvenience caused.

Category: Pensions | Tags: ,
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