Ibec, the group that represents Irish business, today acknowledged the publication of the report of the Public Service Pay Commission and welcomed its analysis of the available evidence and in particular the superior value of public sector pensions in comparison to those in the private sector.
Danny McCoy, CEO of Ibec, said: "An orderly approach to pay bargaining is vital in ensuring that the public sector remains dynamic and efficient. This entails a unified, measured approach to pay talks and a commitment of no leapfrogging by individual actors. Ibec acknowledges that the Report of the Public Service Pay Commission provides a framework to develop a stronger, more cost-efficient and even more reliable public service with conditions that reflect current economic realities".
He continued: "As we have come out of a severe crisis, this is a difficult time for the public service. We welcome the focus the report offers on the value of public sector pensions, which it values at 12-18% above their private sector counterparts. This premium needs to be reflected in any public sector pay negotiations. Coupled with this, it remains important to Ireland that the public service addresses skill shortages and that it attracts the best and the brightest young people as they enter the workforce".