Public servants deliver €1.8bn in annual savings

IMPACT trade union has today (Wednesday) welcomed the third, and final, report of the Croke Park Implementation body, which states that public servants have delivered annualised and sustainable savings of €1.8bn since the agreement was made in 2010. 

IMPACT said that this demonstrated the enormous effort of public servants to deliver on reforms, absorb additional workloads and reduce costs, on top of considerable losses in income and an almost constant stream of criticism that the agreement ‘insulated’ public sector workers from the effects of recession.

The union said that public servants had demonstrated serious commitment to the delivery of public services despite pay cuts and the pension levy, imposed in 2009, as well as the same additional taxes and charges faced by all workers.

As of this week, the Haddington Road agreement takes the place of Croke Park, which seeks to reduce the public sector pay and pensions bill by an additional €1bn on top of the savings target of €3.3bn sought under the Croke Park agreement.

Among the findings in today’s report, it confirms that exchequer paybill savings of €161m were achieved during the nine month review period, up to the end of December 2012. This equates to €214m on an annual basis. 

It also states that non-pay savings of €169m have been reported, equating to €236m on an annual basis. That brings the total, since the commencement of the Agreement in 2010, to approximately €1.8 billion. The full report is available to download here