It’s good to know that not everyone suffered during the recession in Ireland.
According to today’s Independent, in the period 2007 to 2013, when the country went bankrupt and lost its economic sovereignty to the Troika, when thousands of businesses were folding and unemployment reached 15%, the government shelled out €1.5 billion in pay increases to public sector workers. That’s on top of the annual cost of €18.4 billion in basic pay and pensions.
These pay increases or increments were based on tenure and have absolutely no relation to performance. And they continue to be paid today.
According to CSO figures, in the first quarter of 2014 public sector workers earned on average €271 more per week than their counterparts in the private sector.
Nice work if you can get it and a guaranteed secure pension at the other end…