Stalled pension reform will save €600 million

The decision by the government to postpone reform of public sector pensions will save the state about €600 million, according to estimates by financial sources.

8th May, 2010

The decision by the government to postpone reform of public sector pensions will save the state about €600 million, according to estimates by financial sources.

The Department of Finance declined to comment on the potential savings to the exchequer of postponing the pension reform until after December 2014,butofficials believe that the sums saved may be higher than €600million.

The savings have come about because the government had planned to break the link between public...

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