Haddington Road Agreement 2013 - 2016 and Financial ... - TUI

FEMPI EXPLANATORY MEMORANDUMof pensions and calculation of pension, are adjusted for purposes ofthe Bill.2.7 Section 7 provides for a freeze of incremental progression bypublic servants on incremental pay scales for a period of 3 years,commencing on 1 July 2013. Groups or grades of public servantsmay be excluded from the effect of this provision, or have its effectsmodified on the basis that a collective agreement, which has beenregistered with the Labour Relations Commission, has been reached.2.8 Section 8 provides a power for the Minister to exempt individualpublic servants or groups from the increment freeze on limited andexceptional grounds.2.9 Section 9 provides that persons retiring before 31 August 2014,or a later date that may be ordered by the Minister, will be entitledto have their pensions calculated as if the pay reduction and anyincrement pause or freeze had not applied to them.2.10 Section 10 amends the Financial Emergency Measures in thePublic Interest (No. 2) Act 2009 to provide that the employees ofthe Railway Procurement Agency and the National TreasuryManagement Agency that were not affected by the pay reductionimposed effective from 1 January 2010 will be affected by themeasures proposed in this Bill.2.11 Section 11 amends the Financial Emergency Measures in thePublic Interest Act 2009 to provide for a modification of the pensionrelated deduction that applies to serving public servants, that willreduce the pension deduction on all public servants by €125 a year,to commence from 1 January 2014.252.12 Section 12 provides for annual review and report to theOireachtas of the necessity of the measures set out in the Bill. ThisReview will now encompass the reviews currently necessary underthe earlier Financial Emergency Measures in the Public InterestActs.2.13 Section 13 states the Short title of the Act.Department of Public Expenditure and Reform,Bealtaine, 2013.Wt.—. 622.5/13.Clondalkin.(37258).Gr.30-15.4