Dáil debates

Tuesday, 15 December 2009

4:00 pm

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)

This Bill, like the social welfare Bill last week, is being brought forward because of the need for the Government to implement the measures as announced in the budget so that they are in law and ready for the beginning of the next financial year, on 1 January. They will have full-year effect.

The purpose of the Bill proposed to be taken today, Financial Emergency Measures in the Public Interest (No. 2) Bill 2009, is to reduce the remuneration of public servants as a financial emergency measure in the public interest. The Bill is introduced in the context of the priority being given to the stabilisation of the public finances, including the need to achieve an adjustment of over €1 billion in the public service pay and pensions bill in 2010, quite apart from other measures that will also have a beneficial effect.

The Bill, as drafted, closely follows the Financial Emergency Measures in the Public Interest Act 2009, which implemented the pension levy reduction for public servants in March 2009. The scope of the proposed legislation will mirror that for the pension levy-----

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