This afternoon.

Across Dublin.

More scenes from the second day of strike action by members of the irish Nurses and Midwives’ Organisation (INMO) at Our Lady’s Hospital for Children, Crumlin, Tallaght Hospital and outside the new site for New Childrens Hospital at St James Hospital in Dublin.

Earlier: This Won’t Hurt A Bit

Sam Boal/RollingNews

18 thoughts on “On Call

  1. Liam Deliverance

    Well done ladies and gents and what is a bit of a dirty day, mild at least. That retriever won’t move from the fireside this evening!

  2. ollie

    Spurs new football stadium has risen from a cost of 900 million to 1.2 billion.
    The Hospital, despite the smoke and mirrors deployed by Harris and Co. by segmenting the cost (building, IT, fit out, cost of failed building at Mater, even the cost of a restaurant) has actually risen from 650 million in 2014 to 1.7 billion in 2018, almost a three fold increase.
    If the Hospital cost increases by say 20% during construction (very likely), the final cost will be in the region of 2 biliion, a 500% increase.
    Yet Vradkar and Harris still defend this, are they slow?

  3. Eoin

    Paschal Donohue 27 November 2018

    “I am informed by Revenue that the estimated savings to the Exchequer that would arise as a result of decreasing the rate or ceiling for occupational pension schemes, RACs and PRSAs to 20% is outlined on page 11 of the Revenue Ready Reckoner.

    Based on these estimates, standardizing the relief at 20% and maintaining the current €115,000 ceiling would yield €319m [per annum].”

    Standardise relief on pension contributions at 20% and that’ll pay for the nurses’ annual increase.

    Get the financial ombudsman to investigate why returns on Irish pensions are so lousy, maybe cut pension admin fees and you’ll probably find people contributing to pensions are BETTER off.

    Win-win-win (except for pension providers who might need to get a little bit more efficient).

    But will this FG government do it?

    1. Cian

      I’m a bit confused.
      If you cut the pension admin fee – how would pensions function? Are everyone in the pension industry to work for free?

      1. Eoin

        So, if an admin fee is, say, 0.5% of the pension value, would there be any reduced % which might still reward the pension industry, like, say 0.4% or 0.25%? I have to say the returns from Irish pension managers and the fees they charge are outrageous in my experience. Trust me, they’ll still be making money hand over fist, even with a 20-50% reduction in fees.

        1. Cian

          Okay. So reducing the tax relief from 40% to 20% can be balanced by reducing the fees from 0.5% to 0.25%?

          The mind boggles.

    2. b

      putting pension relief to 20% will discourage people from investing in private pensions and limit their ability to provide for their retirement. Not to mention drive a wider gap between public and private pensions

      It’s an incredibly short sighted measure when every bit of research is telling us that underfunded retirements is a ticking time bomb

      1. Eoin

        Given that PAYE workers will have very little alternative, they’ll still stick the money into the pension plan. What else will they do? Invest in s481 films? Of course not, they’re trapped and they’re earning larger than average salaries and still getting a tax allowance on their contributions.

        Trust me, the cut of relief to 20% will, as Paschal Donohue acknowledges, save the State €319 million a year. That will pay for the nurses’ increase. Win-win-win.

        1. b

          you’re reducing the amount someone can save in their pension along with a half assed plan to reduce management fees. it’s not a runner, it’s not even remotely fair to the average PAYE worker

          1. Eoin

            The finance minister of the country doesn’t agree with you “b”. He says it will save €319 million a year. The average PAYE worker on €39k a year will barely notice any difference.

            If FG wants to fund the €300m a year increase for nurses, it can do so tomorrow, or, to give the pension industry and contributors some notice, in six months time, but they won’t. Not happy with being the party to reintroduce a hard border on the island, FG wants to stomp the health service into the ground, all good news for their pal who owns the Beacon.

          2. millie st murderlark

            I disagree with the point so they must be SF?

            Any further insights for the rest of us poor unenlightened souls?

          3. b

            If you are properly planning for your retirement, which most people should be when they’re in DC plans, you will most definitely ‘notice’ it as your contributions would go down

            there’s no “saving”, you’re plan is a transfer of 319mln from private sector workers to public sector pay demands

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