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exempt from pension levy?

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  • 08-04-2009 7:55pm
    #1
    sofia11
    Closed Accounts Posts: 90 ✭✭


    Is it true that certain sectors are exempt from the pension levy? We had an email at work to include
    Bord Gais
    Bord na gCon
    Bord na Mona
    CIE
    Cork Airport Authority
    Coillte Teoranta
    Dublin Airport Authority
    ESB
    Eirgrid
    Horse Racing Ireland
    Irish National Stud Company Ltd
    Irish Aviation Authority
    An Post
    An Post National Lottery Company
    RTE
    Shannon Airport Authority
    Teilifis na Gaeilge
    Railway Procurement Agency
    VHI
    any subsidiaries of the above.
    Is this true and why are they exempt? Can anyone shed light on this.


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    #2
    segaBOY
    Closed Accounts Posts: 1,563 ✭✭✭segaBOY


    sofia11 wrote: »
    Is it true that certain sectors are exempt from the pension levy? We had an email at work to include
    Bord Gais
    Bord na gCon
    Bord na Mona
    CIE
    Cork Airport Authority
    Coillte Teoranta
    Dublin Airport Authority
    ESB
    Eirgrid
    Horse Racing Ireland
    Irish National Stud Company Ltd
    Irish Aviation Authority
    An Post
    An Post National Lottery Company
    RTE
    Shannon Airport Authority
    Teilifis na Gaeilge
    Railway Procurement Agency
    VHI
    any subsidiaries of the above.
    Is this true and why are they exempt? Can anyone shed light on this.

    Not too sure about RTE et al but I know semi states like Bord Gais are AFAIK but open to correction here.


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    #3
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    The fact they are Semi State bodies maybe ;)


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    #4
    Firetrap
    Closed Accounts Posts: 4,442 ✭✭✭Firetrap


    It's to do with their status. As far as I know, commercial state agencies are exempt from the pension levy (e.g. the ESB) but I don't know what status the likes of Horse Racing Ireland have.


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    #5
    jimmycrackcorm
    Registered Users Posts: 14,339 ✭✭✭✭jimmycrackcorm


    sofia11 wrote: »
    Is this true and why are they exempt? Can anyone shed light on this.

    Perhaps because they have their own pension schemes as opposed to the nice publicly funded one. You may not have noticed but the Bord Na Mona pension fund is in dire straights these days.


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    #6
    jimmmy
    Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    sofia11 wrote: »
    Is it true that certain sectors are exempt from the pension levy? We had an email at work to include
    Bord Gais
    Bord na gCon
    Bord na Mona
    CIE
    Cork Airport Authority
    Coillte Teoranta
    Dublin Airport Authority
    ESB
    Eirgrid
    Horse Racing Ireland
    Irish National Stud Company Ltd
    Irish Aviation Authority
    An Post
    An Post National Lottery Company
    RTE
    Shannon Airport Authority
    Teilifis na Gaeilge
    Railway Procurement Agency
    VHI
    any subsidiaries of the above.
    Is this true and why are they exempt? Can anyone shed light on this.


    Morally they should be paying the levy too...its only fair. Even paying the levy it is still subsidised.


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    #7
    MoominPapa
    Closed Accounts Posts: 1,106 ✭✭✭MoominPapa


    jimmmy wrote: »
    Morally they should be paying the levy too...its only fair. Even paying the levy it is still subsidised.

    What are you talking about? Did you read jimmycrackcorms post?


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    #8
    grahamo
    Registered Users Posts: 761 ✭✭✭grahamo


    jimmmy wrote: »
    Morally they should be paying the levy too...its only fair. Even paying the levy it is still subsidised.

    Why should they pay a pension levy? as posted above their pension funds are not in any way funded by the taxpayer.


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    #9
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,420 Mod ✭✭✭✭Gumbo


    jimmmy wrote: »
    Morally they should be paying the levy too...its only fair. Even paying the levy it is still subsidised.

    they should pay no such thing, their pensions are funded by themselves!
    get off your high horse jimmy, its getting boring now with your constant factless rants :confused:


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    #10
    ktc1
    Registered Users Posts: 101 ✭✭ktc1


    grahamo wrote: »
    Why should they pay a pension levy? as posted above their pension funds are not in any way funded by the taxpayer.

    My brother works for a 100% subsidiary of a semi state. They are on a defined contribution scheme like most of the private sector and like most people have taken an almighty hammering in the last year. He'd pay the levy in a shot in return for a defined benefit state guaranteed pension.


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    #11
    kraggy
    Closed Accounts Posts: 6,414 ✭✭✭kraggy


    I'm confused lads.

    When were these introduced initially? Which came first like (the pension levy or the health levy)?


    And which was doubled?


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    #12
    pigeonbutler
    Registered Users Posts: 666 ✭✭✭pigeonbutler


    kraggy wrote: »
    I'm confused lads.

    When were these introduced initially? Which came first like (the pension levy or the health levy)?


    And which was doubled?

    Health Levy has been around for years. Was 2%, now 4%. It's generally included in PRSI on payslips so people don't notice it.

    Pension levy is only for people in the public sector and is really a pay cut rather than a tax.


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    #13
    Stroke Politics
    Registered Users Posts: 570 ✭✭✭Stroke Politics


    It's a fact that judges cannot suffer a decrease in salary, so they are exempt from this levy. God love them, they need everything they get.......


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    #14
    NewDubliner
    Closed Accounts Posts: 1,615 ✭✭✭NewDubliner


    Stroke Politics wrote: »
    It's a fact that judges cannot suffer a decrease in salary, so they are exempt from this levy. God love them, they need everything they get.......
    The Indo ran a story that the Judges would be paying the levy, but as is common for the Indo, the headline didn't reflect the true position....it's voluntary for the judges to pay.


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    #15
    ArphaRima
    Registered Users Posts: 1,676 ✭✭✭ArphaRima


    As was mentioned; they are exempt because WE DO NOT PAY THEIR PENSIONS. They have a separate pension fund. Which are underperforming. Bord Gais being the example.


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    #16
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    We can cut the companies state subsidies where they have state subsidies (CIE, RTE) and the charges they can charge via regulation in other cases (ESB).

    RTE should especially see a sharp cut or elimination of the TV license given their complete failure in their public service obligations over the years. It was only when the bubble burst that RTE started covering the housing crisis, they never highlighted or gave much time to highlighting that the housing economy was completely unsustainable before that.

    Too busy showing repeats of Your a Star and trying to get more money in ads and text in voting to notice it was going on maybe.


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    #17
    BlaasForRafa
    Registered Users Posts: 7,020 ✭✭✭BlaasForRafa


    fluffer wrote: »
    As was mentioned; they are exempt because WE DO NOT PAY THEIR PENSIONS. They have a separate pension fund. Which are underperforming. Bord Gais being the example.

    I worked on contract for a semi-state for a while and had no pension, same for all the contract workers there so a levy on contract workers of semi states would be very harsh. The permanent employees had their own pension fund which wasn't subsidized by the state.


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    #18
    BlaasForRafa
    Registered Users Posts: 7,020 ✭✭✭BlaasForRafa


    thebman wrote: »
    We can cut the companies state subsidies where they have state subsidies (CIE, RTE) and the charges they can charge via regulation in other cases (ESB).

    RTE should especially see a sharp cut or elimination of the TV license given their complete failure in their public service obligations over the years. It was only when the bubble burst that RTE started covering the housing crisis, they never highlighted or gave much time to highlighting that the housing economy was completely unsustainable before that.

    Too busy showing repeats of Your a Star and trying to get more money in ads and text in voting to notice it was going on maybe.

    Fair enough, RTE aren't the greatest but would you prefer their funding model to be more like that of TV3 who have very little public service broadcasting at all?


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    #19
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    BlaasForRafa wrote: »
    Fair enough, RTE aren't the greatest but would you prefer their funding model to be more like that of TV3 who have very little public service broadcasting at all?

    No I'd prefer if they did the job they are paid to do.

    They don't seem capable of doing this so I'm suggesting we take the money from the service that is not providing the service they were paid to provide. They broke their contract.

    We'd be better off cutting them loose and setting up a new company at this stage. RTE are more interested in getting text to vote money for pointless reality tv shows than fulfilling their PSO.


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