Surge in retirements set to add €500m to civil service pension bill

A marked increase in the number of retiring civil servants over the next decade will add more than €500 million to the public sector pensions bill.

The Department of Public Expenditure and Reform is forecasting that between 1,700 and 2,500 civil servants will retire every year between 2019 and 2028, resulting in significant increases in the amount that will have to be set aside to pay for gratuities and pensions for retirees. The ...