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Ministerial Pensions

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  • 25-08-2022 11:02pm
    #1
    batman75
    Registered Users Posts: 597 ✭✭✭


    Mary O'Rourke, 85, according to wikipedia gets 95k per annum from the state. That's equivalent to what 7 OAPs her age get COMBINED. This isn't a pop at Mary per se just outrage at the level of pensions these people get. Even politicians retire it's still a gravy train. Taoisigh pull in I believe circa 150k. How in gods name do we tolerate this. It was the Robert Troy shenanigans that piqued my interest in what kind of money politicians can earn whether active or not. I chose Mary as she represented Westmeath for decades.

    I would cap pensions at 52k pa. Let them source any top up from their huge salaries while active members of DE.



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    #2
    Real Donald Trump
    Registered Users Posts: 1,614 ✭✭✭Real Donald Trump


    Yet they want paddy mug man to work into their late 70's for a measly 200 a week, kip of a country!



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    #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,317 Mod ✭✭✭✭Jim2007


    Of course it is a pop at Mary O’Rourke, you singled her out by name. Everyone one knows what the terms of service are for a public representative are just like a barrister, a surgeon a dentist etc, you want any of those rewards you are free to have a go. So if is so easy why don’t you?



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    #4
    Real Donald Trump
    Registered Users Posts: 1,614 ✭✭✭Real Donald Trump


    https://www.boards.ie/discussion/comment/119522853#Comment_119522853

    You must be on the gravy train too. OP is making a valuable point and you dismiss it



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    #5
    Firblog
    Registered Users Posts: 2,045 ✭✭✭Firblog


    Mary Coughlan has been on 104K + since she turned 50 I think, she's about 55 now, so only another 30+ years pulling in that same amt (index linked to present and future earnings of the tainaiste) so roughly 4 million in pension for 24 years in the Dial...



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    #6
    Alkers
    Registered Users Posts: 6,837 ✭✭✭Alkers


    Do TDs get their pension on leaving the da or do they wait until retirement age like ten rest of us?

    Why can't they just be on the PS pension like everyone else, their salaries are decent enough as it is.



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    #7
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    These pensions being quoted here are typically made up of TD pension + Minister pension.


    The TD pension is very similar to all public servants pensions, that is 50% of the final salary.

    TD wage = 100k, so the TD pension is 50k.

    However, the key difference is that a PS needs 40 years worked/in pension scheme to get the max 50% pension.

    A Garda or Judge needs 30 years I think.

    A TD needs 20 years service to get the max 50% pension.



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    #8
    Zebra3
    Registered Users Posts: 13,894 ✭✭✭✭Zebra3


    One rule for them, one rule for us.



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    #9
    xxxxxxl
    Registered Users Posts: 5,273 ✭✭✭xxxxxxl


    Are there loopholes for receiving private and public for them ?



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    #10
    brokenangel
    Registered Users Posts: 4,242 ✭✭✭brokenangel


    Get a job as a TD so

    Sick of people complaining about what other people earn or in this case what they get as a pension

    Go and do the job if you think they are getting huge money. For a TD you need no degree/no masters. So off you go



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    #11
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    id agree that they should accrue the same fraction per year (1/80) of salary as any other public servant and have it paid at retirement age, not before.



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    #12
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,317 Mod ✭✭✭✭Jim2007


    https://www.boards.ie/discussion/comment/119522849#Comment_119522849

    Well move out and see how you fair else where… for a start you’ll be paying more in pension contributions and still end up working past current retirement age, welcome to reality!



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    #13
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,317 Mod ✭✭✭✭Jim2007


    https://www.boards.ie/discussion/comment/119522883#Comment_119522883

    Not even remotely close to a valuable point, just one you agree with. Quit whining, you want a bigger lob of money go do something about it, Go run for election, try working your way up the corporate ladder, learn a profession etc… nobody owes you a living.



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    #14
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,317 Mod ✭✭✭✭Jim2007


    https://www.boards.ie/discussion/comment/119523069#Comment_119523069

    Yes all the labour law that protects your job, while they hold office at the whim of the people.



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    #15
    cruizer101
    Registered Users Posts: 3,205 ✭✭✭cruizer101


    https://www.boards.ie/discussion/comment/119523518#Comment_119523518

    It is perfectly legitimate to question the pay of public servants whilst working another job and having no interest in becoming a TD.

    Why on earth do you think only people who have tried to become a TD themselves can question the salaries and pensions they receive.



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    #16
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,317 Mod ✭✭✭✭Jim2007


    https://www.boards.ie/discussion/comment/119523485#Comment_119523485

    And like every other public servants should they have job security as well?



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    #17
    Fr Tod Umptious
    Registered Users Posts: 15,270 ✭✭✭✭Fr Tod Umptious


    https://www.boards.ie/discussion/comment/119523036#Comment_119523036

    PS workers or Gardai don't not have to reapply for their job every 5 years or less.

    And the success in that reapplication is often out of their own hands depending on how the public feel about their party, the government or the country in general.



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    #18
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,317 Mod ✭✭✭✭Jim2007


    https://www.boards.ie/discussion/comment/119523226#Comment_119523226

    There is no restrictions on anyone receiving more that one pension but they don’t come on the back of rice crispy boxes, they big trice is to find one.



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    #19
    brokenangel
    Registered Users Posts: 4,242 ✭✭✭brokenangel


    https://www.boards.ie/discussion/comment/119523549#Comment_119523549

    Plus as we seen in the last election, it didn't matter how you performed as a TD for the people who voted you in, we had a revolt election and people just voted for a specific party to pi** of the other parties.

    So the TD who has spent a lifetime serving the local community was suddenly out on their ear for no reason



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    #20
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/119523031#Comment_119523031

    TD gets their work pension at the State Pension age, currently 66.


    They used to get it earlier.

    Older TDs may be eligible to get it earlier.



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    #21
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/119523226#Comment_119523226

    This question doesn't make sense.

    Please elaborate.



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    #22
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/119523485#Comment_119523485

    The TD pension is now paid at the State Pension age, so your second request has happened.

    I agree with your first suggestion.



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    #23
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/119523226#Comment_119523226

    If you mean receiving several pensions, that is completely normal.

    I myself will receive three pensions.



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    #24
    Weepsie
    Moderators, Sports Moderators Posts: 20,578 Mod ✭✭✭✭Weepsie


    https://www.boards.ie/discussion/comment/119523036#Comment_119523036

    And you only need a portion of those 20 years for the ministerial pension on top.



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    #25
    Weepsie
    Moderators, Sports Moderators Posts: 20,578 Mod ✭✭✭✭Weepsie


    https://www.boards.ie/discussion/comment/119523602#Comment_119523602

    Some of those tds are claiming second pensions for jobs they never worked in, chiefly teaching positions.



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    #26
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/119523873#Comment_119523873

    You need to be two years as a Minister/Junior Minister to get a Ministerial pension.



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    #27
    Raven1221
    Registered Users Posts: 16 ✭Raven1221


    This is a lot of money and I say it is the right thing to do. For high rank person; like the Ministry.



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    #28
    Geuze
    Registered Users Posts: 13,507 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/119523878#Comment_119523878


    If you teach for 5 years, and are a TD for 10 years, then you will get two pensions?

    Teaching = (5yr)(1/80) = 5/80 of final salary

    TD = (10yr)(1/40) = 20/80 of final salary

    I think that's correct?


    They hardly get 15 years teacher pension and 10 years TD pension?



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    #29
    brokenangel
    Registered Users Posts: 4,242 ✭✭✭brokenangel


    https://www.boards.ie/discussion/comment/119523878#Comment_119523878

    How many of those actually exist anymore?

    Plus they don't get a pension for "jobs they never worked in". In regards to teaching they have worked in the job and got a full time contract with the department of education is my understanding? then gone in politics



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    #30
    timmyntc
    Registered Users Posts: 7,075 ✭✭✭timmyntc


    People mention how TDs can "lose their job" every 5 years or so - are there any TDs out there who on failing to get reelected, sat jobless for ages?

    No, I didnt think so. The majority of which are already business owners or landlords before even getting elected - I dont think these people need a gold plated pension as some kind of consolation prize. Its a spurious argument from those who seek to defend the gross waste of money culture in the public service.



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    #31
    EOQRTL
    Registered Users Posts: 1,274 ✭✭✭EOQRTL


    The whole public service pension thing is outrageous. It's not just TD's OP. I worked with a lad in my last job as a minibius driver who was a retired Garda at 53 years of age. He'd put in his 30 years of service and walked away with a huge lump sum and 50% of his final weekly wage for a pension every year until he dies. We figured he was on around 1400 the day he retired due to his position in the force so that's 700 euro per week for doing nothing, that's insane.

    Now on the other hand the government is going to be soon expecting people in the private sector to keep working until they are almost 70 before receiving a measly 230 per week. Some of these people may have worked all their lives. It stinks to high heaven.



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