Public Sector Pensions in RoI Notes on Graphic
2010 Public sector pay and pensions – €17.3 billion – 13.4% of GDP
2001 it was 8.6 billion and 9.8% GDP
In last 2 years – Public sector pay has fallen by €2 billion or 11.7%
While Pensions have increased by €577 million or 35%
In past decade – public sector pensions have increased by 86% in nominal terms and 36.5% in real terms ( inflation adjusted to end of 2009)
From €11.612 in 2000 to €21,612 in 2010.
While pay increased nominally by 42% but 4% in real terms from €38,311 to €54,338
The pension bill has risen from 30.3% to 39.7% of the public sector pay bill in 10 years.