Public Service pay peaked in 2009 at €17.5bn and is estimated to be at €15.37 by the end of this year, a gross saving of €2.1bn. This saving was achieved through the implementation of a number of ongoing cost saving measures across the public service. The pay and pensions savings from 2009 to 2015 are set out below.
Pay and Pension Savings 2009-2015
.
|
2009
|
2010
|
2011
|
2012
|
2013
|
2014
|
2015
|
2009-2015 reduction net of PRD
|
.
|
€bn
|
€bn
|
€bn
|
€bn
|
€bn
|
€bn
|
€bn
|
.
|
Exchequer Pay Bill - Gross
|
17.5
|
15.9
|
15.6
|
15.37
|
15.0
|
14.7
|
14.6
|
.
|
Pension Related Deduction (PRD)
|
0.837
|
0.945
|
0.950
|
0.930
|
0.916
|
0.911
|
0.911
|
.
|
Exchequer Pay Bill Net of PRD
|
16.7
|
15.0
|
14.7
|
14.45
|
14.1
|
13.8
|
13.7
|
3.8
|
.
|
.
|
.
|
.
|
.
|
.
|
.
|
.
|
2009-2015 increase
|
Exchequer Pension Bill - Gross
|
2.6
|
2.7
|
2.7
|
3.0
|
3.0
|
3.1
|
3.1
|
.
|
Increase over previous year
|
|
0.175
|
0.020
|
0.285
|
-0.059
|
0.120
|
0
|
0.5
|
The Gross pay bill peaked at €17.5bn in 2009 and is estimated to fall to €13.7bn net of Pension Related Deduction (PRD) in 2015. Taking into account the affect of the PRD, the estimated reduction in the pay bill cost from 2009 to 2015 is €3.8bn. The pension bill is expected to increase from €2.6bn in 2009 to €3.1bn in 2015, which is an increase of approximately €0.5bn. Offsetting the pension bill increase against the Gross pay bill reduction will see the overall Exchequer Pay and Pensions Bill fall by approximately €3.3bn by 2015.