+ paid advisors
+ Unvouched expenses
Whether they’re at work or not
dav
+1916
Cian
They didn’t get a hike. They were the last to get a pay restoration from the last crash
Daisy Chainsaw
I haven’t had pay restoration yet. My pay rate is still less than it was in 2008.
GiggidyGoo
Well the advisors have increased in number, and some are being paid in excess of previous advisors salary.
Super Junior Ministers pay top-ups?
Typical Cian. Distract, divert etc. etc.
Cian
Typical GiggidyGoo – straight to personal stuff.
I answered Daisy’s post. Without distraction, without diversion. (unlike, say, your post)
GiggidyGoo
You sure did answer it – however i just pointed out your diversion to an untruth.
Rob_G
Christ – people in the private sector being laid off and furloughed left and right, and many companies reliant on the government to subsidise their wage bill… and of course public workers are looking for a pay increase…
Niamh
It’s not a pay increase tho isn’t
It’s pay restoration
Daisy Chainsaw
Applause doesn’t put food on a hospital cleaner’s plate.
Rob_G
“the sixth increase since January 2018” – hardly being asked to work for applause, Daisy
Daisy Chainsaw
It’s not an increase if you’re still earning less than you used to in the same job.
Cian
“the sixth increase since January 2018”
AND approx. 9 “annual” increments since 2008 (a few of them were dragged out to 18 months).
Rob_G
If you have had 9 pay increases since 2008, and still are not up to what your salary was, then you must have been being paid funny money pre-crash.
Daisy Chainsaw
It’s not an increase if they’re only giving back what they took from you to bring you up to 2008 levels of pay.
Charlie
The Star’s relentless mission to spin as much negativity as they can.
Cú Chulainn
Top hull hotspot..!! Don’t knock it..!!
Cú Chulainn
On a more serious note: what parents are being asked to do with their children is to put them into a crowded classroom, just like the Killarney pictures.. every day.. from now till there is a vaccine (don’t hold your breath.. there won’t be one). What the difference..?
Tommy Bohan
I don’t believe it, the English – I mean Irish Daily Mail actually has an Irish picture on its front page! First time in a long time.
GiggidyGoo
‘Banks plans to recoup ‘fines’ will work out just fine for them. The resultant transfer of funds to Credit Unions will be welcomed.
not until the Central Bank stop their regulatory apartheid and allow us reduce our regulatory reserves from 12%
down to – I say 7% for industrial 8% for Community CUs
forcing CUs to hold millions (x 240 CUs btw) of grab cash
Where? in retail banks is where
Interest paid? Well Yes, we pay the retail banks their negative interest + charges
There is over 20 billion in CU assets in the State
@12%,
ye do the sums
The Regulatory Apartheid operated by the Central Bank is top up bank bailout,
just like the Mortgage to Rent scheme now enforced by the Housing Agency is
Now ye know how well Brian Hayes is doing his job
So sorry folks, yes we would love to have more members, especially those that would come up to Board Director level
but Savers cost money, Borrowers make money
I’ve the mother of all pieces ready to roll
Timing and placement needs to be fine tuned very carefully
Had a good oul’ rant at a high profile attended event recently
Apartheid/ Banking Lobby and Bailout – all voiced and caught fire
Central Bank and the Dept of Finance
And Brian Hayes dampened it down goodo in the afterwards
The Dept lads had skid marks out of the hall
They were never so happy about social distancing and masks .·´¯`(>▂<)´¯`·.
All the CUs AGMs will be coming up now Dec/ Jan
(Btw RTÉ/ FAI our year end in the CU movement is September, and if we don't have our AGMs within four months the Central Bank needs to know why / approve or we run the risk of sanctions, and a sneaky dig in the press)
So ye'll then see what I've being planning and hoping for
The first round of it anyway
Fingers Crossed
Steph Pinker
I received a letter today from BOI telling me that the fees are going up, I’m pretty pissed off about it as I barely use the card/ that account; from now on it’s E6 p/m rather than the quarterly fees with transactions. Apparently its in the customers’ best interest.
…good luck V…no better woman…in my day the enemies were within…
Daisy Chainsaw
If anyone is looking for fee free banking, EBS Money Manager doesn’t force you to keep a minimum in your account or lodge over a certain amount each month. Changed over after my Ulster Bank charges jumped from €16 to €120.
But hoping to kick up enough of a storm that they have to either put up with, and stay ahead of
Or get out of the way
I’ll DM you closer to the time
@creditunionista for more public updates btw
GiggidyGoo
The birth rate doesn’t mean fewer people at work does it?
Fewer people at work is a result of fewer jobs surely?
We exported hundreds of thousands of people just 10 years or so ago, and immigration filled the void. So if the jobs are there, they will always be filled.
The pension problem will be more to do with income levels of people working. Low pay = low personal tax income.
Q Celt
Ultimately private pensions are at best a gamble and at worse a ponsi scheme to support the financial institutions. Almost all private pension vehicles are poorly performing and then there are the fees. In lreland its more profitable to invest the money and become a landlord than throw money into a pension scheme
GiggidyGoo
I’d agree with that.
I think he was getting at State Pensions – those are the ones that depend on people at work to finance them for the older generation.
Janet, dreams of big guns
lower birth rate a direct k Ock on from lack of affordable housing and childcare, I know many people who feel they can’t afford a nipper, instantly 30.000 off a mortgage if you have one, if you pay for childcare well you are literally paying for the pleasure of going to work as there is not much over, you need one partner on a high wage,
obvs I’ll basing this off Dublin creche prices, two average paid jobs and a modicum of responsibility,
I know I harp on about France but public creches mean you are not giving up work, schools provide homework classes so you can also do a full day should you finish at five, kids also get school lunches, don’t have uniform costs but I really think the childcare is the clincher.
Janet, dreams of big guns
so more let’s face it Mother’s remain employed while churning out the next generation of tax payers
Rob_G
And yet the birth rate in Ireland is higher than that of France; so perhaps a state’s policies are not deciding factors, or there could be other influences at play.
Janet, dreams of big guns
yes wemon still socially and culturally want to have children in Ireland, they would have even more if housing and childcare was more available and affordable.
Rob_G
Lower birth rate means that there are increasing numbers of pensioners drawing down their pensions, but fewer and fewer working people paying into the pot to pay for them.
In 1950 there was about 12 people of working age per one person aged 65 years or older. Today, in the west, this has declined to about 6 workers for each pensioner; in many places it will be as low as 1.5 people of working age per retired person.
GiggidyGoo
Think of it this way though. 2018.
There’s approx 60,000 births (2018 figures) in Ireland per annum
There were ap 31,000 deaths (2018 figures in Ireland per annum
90,000 people Immigrated (28,400 were Irish returning)
56,000 people emigrated that year, (28300 were Irish leaving)
Emigration and immigration (as far as I would see it) is based on job-seeking, so most of the difference in population would be tax contributors therefore supporting state pensions. (The level of course would relate to the level of salary)
So, I’d still contend that the pension problem will be more to do with income levels of people working. Low pay = low personal tax income = less for pensions (hence the push to force people into taking out a pension, which will reduce the pension contribution the Government will make when those pensions come to fruition)
Rob_G
If country A has a population of 10 million workers, and only 1 million pensioners, and country B has a population of 5 million workers and 1 million pensioners, each worker in country B will have to pay generally more social contributions to support their pensioners than workers in country A.
Ireland used to be more like country A, but is becoming increasingly more like country B. This is mainly down to people having children than in previous generations
Salaries (average and median) in Ireland are high, so I don’t really understand your theory about “low pay”.
Janet, dreams of big guns
maybe if the place wasn’t a rip off and childcare and housing were properly funded people might be encouraged to have a family, not everyone obvs maybe wemon now they have a choice just don’t want to take that road but many do and feel they can’t.
Rob_G
Well, it’s a phenomenon that’s happening in every country in the western world, so I’m not really sure that it can be framed as part of “everything in Ireland is bad”
Janet, dreams of big guns
yes there are other factors obviously,there will be a decrease, but these ones undeniably play a part in the decrease here, most Irish wemon I know still actually WANT children,
if I compare to my French friends who actually distinctly don’t or only one..
Janet, dreams of big guns
btw the everything in Ireland is bad thing is in your head,
I have plenty of positive things to say too, they clearly don’t resonate in the same way with you,
you can love a place and critique it, wish better for your fellow countrymen, these things can exist simultaneously.
Rob_G
I mean.. given that an aging population is a global phenomenon, and your first reaction was to list things that bad things about Ireland specifically, you can see why I may have formed that opinion
Janet, dreams of big guns
ah Rob,
different factors are at play in different countries, some of them common phenomenon,
I believe these factors are not specific to Ireland but definitely play a role,
wemon don’t have babies for lots of reasons, in my experience these are the two reasons cited by Irish wemon who still culturally and socially are quite marriage and family driven.
( and you always get a dig in every time I critique Ireland, this is a site about Irish news , when I lived in France I had things to say about what could be improved there, if I lost all reason and lived in the US I’d probably never stop giving out, see how this works )
Janet, dreams of big guns
What is it about your education that stops you from accepting any criticism or questioning any status quo ? Do you believe it is disloyal or somehow unationalistic to ask questions or to want improvement or to be able to see what’s wrong with a country ? Why does it get under your skin so much ?
Rob_G
I wouldn’t consider myself nationalistic at all (according to some other posters, I’m a west Brit), but there is a tendency on this site to paint every single failing in the country as some sort of novel phenomenon, unique to Ireland.
To whit: there is global phenomenon of the population aging, and Giggidy suggests that it’s that it’s due to low-pay. This isn’t just an incorrect interpretation – the entire premise is completely wrong (Irish workers are not low-paid, by any metric).
Or other posts where people say things along the lines of: “it can’t get any worse”; “most corrupt country”, etc – these things are genuinely at odds with objective reality, by any measurable metric.
I don’t want you to think I am having a go at you (but it’s true I have argued a lot with you lately; that’s just the way that things have panned out)
Janet, dreams of big guns
ok, I hear your point,
I think people use these phrases out of frustration and we can always compare to worse places but if we want to improve we should compare to better imo :)
Junkface
Ireland has one of the highest cost of living expenses in the EU. Wages are relative to cost of living. Rent, childcare, and car insurance are part of that, as well as many more factors.
Rob_G
@ Junk – you are right; but that’s the thing about living in one of wealthiest countries in the EU, you will end up with some of the highest prices in the EU, also.
I forgot to sanitise my hands
And the handle of the shopping trolley earlier
I hope I make it ╏ ” ⊚ ͟ʖ ⊚ ” ╏
Janet, dreams of big guns
doomed
Nigel
If some people could drag themselves away from castigating teenage activists and Extinction Rebellion, the real bad guys are Still At It.
Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic.
Faced with plunging profits and a climate crisis that threatens fossil fuels, the industry is demanding a trade deal that weakens Kenya’s rules on plastics and on imports of American trash.
Kenya is always the targeted African Nation for external pressure from International Big Big Big Dirty Players
Botswana will be next on their list btw
Nigel
Pakistan: Karachi experiences worst floods in almost a century, dozens dead
Pakistan’s most populous city has been hit by its heaviest rainfall since records began in 1931. At least 41 people have died, while the toll could rise as rescuers struggle to reach several neighborhoods.
Politicians have no further use for frontline staff so it’s back to not giving them pay restoration.
Strike.
Economy is fupped.
Tax receipts are down.
Unemployment us sky-high.
Borrowing is up.
The country is broke.
Just not broke enough for politicians to give themselves a pay hike.
+ paid advisors
+ Unvouched expenses
Whether they’re at work or not
+1916
They didn’t get a hike. They were the last to get a pay restoration from the last crash
I haven’t had pay restoration yet. My pay rate is still less than it was in 2008.
Well the advisors have increased in number, and some are being paid in excess of previous advisors salary.
Super Junior Ministers pay top-ups?
Typical Cian. Distract, divert etc. etc.
Typical GiggidyGoo – straight to personal stuff.
I answered Daisy’s post. Without distraction, without diversion. (unlike, say, your post)
You sure did answer it – however i just pointed out your diversion to an untruth.
Christ – people in the private sector being laid off and furloughed left and right, and many companies reliant on the government to subsidise their wage bill… and of course public workers are looking for a pay increase…
It’s not a pay increase tho isn’t
It’s pay restoration
Applause doesn’t put food on a hospital cleaner’s plate.
“the sixth increase since January 2018” – hardly being asked to work for applause, Daisy
It’s not an increase if you’re still earning less than you used to in the same job.
“the sixth increase since January 2018”
AND approx. 9 “annual” increments since 2008 (a few of them were dragged out to 18 months).
If you have had 9 pay increases since 2008, and still are not up to what your salary was, then you must have been being paid funny money pre-crash.
It’s not an increase if they’re only giving back what they took from you to bring you up to 2008 levels of pay.
The Star’s relentless mission to spin as much negativity as they can.
Top hull hotspot..!! Don’t knock it..!!
On a more serious note: what parents are being asked to do with their children is to put them into a crowded classroom, just like the Killarney pictures.. every day.. from now till there is a vaccine (don’t hold your breath.. there won’t be one). What the difference..?
I don’t believe it, the English – I mean Irish Daily Mail actually has an Irish picture on its front page! First time in a long time.
‘Banks plans to recoup ‘fines’ will work out just fine for them. The resultant transfer of funds to Credit Unions will be welcomed.
No
They won’t
not until the Central Bank stop their regulatory apartheid and allow us reduce our regulatory reserves from 12%
down to – I say 7% for industrial 8% for Community CUs
forcing CUs to hold millions (x 240 CUs btw) of grab cash
Where? in retail banks is where
Interest paid? Well Yes, we pay the retail banks their negative interest + charges
There is over 20 billion in CU assets in the State
@12%,
ye do the sums
The Regulatory Apartheid operated by the Central Bank is top up bank bailout,
just like the Mortgage to Rent scheme now enforced by the Housing Agency is
Now ye know how well Brian Hayes is doing his job
So sorry folks, yes we would love to have more members, especially those that would come up to Board Director level
but Savers cost money, Borrowers make money
I hadn’t thought that out very well. :-(
No worries Goo
I’ve the mother of all pieces ready to roll
Timing and placement needs to be fine tuned very carefully
Had a good oul’ rant at a high profile attended event recently
Apartheid/ Banking Lobby and Bailout – all voiced and caught fire
Central Bank and the Dept of Finance
And Brian Hayes dampened it down goodo in the afterwards
The Dept lads had skid marks out of the hall
They were never so happy about social distancing and masks .·´¯`(>▂<)´¯`·.
All the CUs AGMs will be coming up now Dec/ Jan
(Btw RTÉ/ FAI our year end in the CU movement is September, and if we don't have our AGMs within four months the Central Bank needs to know why / approve or we run the risk of sanctions, and a sneaky dig in the press)
So ye'll then see what I've being planning and hoping for
The first round of it anyway
Fingers Crossed
I received a letter today from BOI telling me that the fees are going up, I’m pretty pissed off about it as I barely use the card/ that account; from now on it’s E6 p/m rather than the quarterly fees with transactions. Apparently its in the customers’ best interest.
Check your local CU Steph
They may well be one of the Credit Unions’ offering Current Accounts
If not it’s likely – all going to plan anyway, they’ll have it by next year
…good luck V…no better woman…in my day the enemies were within…
If anyone is looking for fee free banking, EBS Money Manager doesn’t force you to keep a minimum in your account or lodge over a certain amount each month. Changed over after my Ulster Bank charges jumped from €16 to €120.
Vote with your wallets!
Ah they still are Bisto
But hoping to kick up enough of a storm that they have to either put up with, and stay ahead of
Or get out of the way
I’ll DM you closer to the time
@creditunionista for more public updates btw
The birth rate doesn’t mean fewer people at work does it?
Fewer people at work is a result of fewer jobs surely?
We exported hundreds of thousands of people just 10 years or so ago, and immigration filled the void. So if the jobs are there, they will always be filled.
The pension problem will be more to do with income levels of people working. Low pay = low personal tax income.
Ultimately private pensions are at best a gamble and at worse a ponsi scheme to support the financial institutions. Almost all private pension vehicles are poorly performing and then there are the fees. In lreland its more profitable to invest the money and become a landlord than throw money into a pension scheme
I’d agree with that.
I think he was getting at State Pensions – those are the ones that depend on people at work to finance them for the older generation.
lower birth rate a direct k Ock on from lack of affordable housing and childcare, I know many people who feel they can’t afford a nipper, instantly 30.000 off a mortgage if you have one, if you pay for childcare well you are literally paying for the pleasure of going to work as there is not much over, you need one partner on a high wage,
obvs I’ll basing this off Dublin creche prices, two average paid jobs and a modicum of responsibility,
I know I harp on about France but public creches mean you are not giving up work, schools provide homework classes so you can also do a full day should you finish at five, kids also get school lunches, don’t have uniform costs but I really think the childcare is the clincher.
so more let’s face it Mother’s remain employed while churning out the next generation of tax payers
And yet the birth rate in Ireland is higher than that of France; so perhaps a state’s policies are not deciding factors, or there could be other influences at play.
yes wemon still socially and culturally want to have children in Ireland, they would have even more if housing and childcare was more available and affordable.
Lower birth rate means that there are increasing numbers of pensioners drawing down their pensions, but fewer and fewer working people paying into the pot to pay for them.
In 1950 there was about 12 people of working age per one person aged 65 years or older. Today, in the west, this has declined to about 6 workers for each pensioner; in many places it will be as low as 1.5 people of working age per retired person.
Think of it this way though. 2018.
There’s approx 60,000 births (2018 figures) in Ireland per annum
There were ap 31,000 deaths (2018 figures in Ireland per annum
90,000 people Immigrated (28,400 were Irish returning)
56,000 people emigrated that year, (28300 were Irish leaving)
Emigration and immigration (as far as I would see it) is based on job-seeking, so most of the difference in population would be tax contributors therefore supporting state pensions. (The level of course would relate to the level of salary)
So, I’d still contend that the pension problem will be more to do with income levels of people working. Low pay = low personal tax income = less for pensions (hence the push to force people into taking out a pension, which will reduce the pension contribution the Government will make when those pensions come to fruition)
If country A has a population of 10 million workers, and only 1 million pensioners, and country B has a population of 5 million workers and 1 million pensioners, each worker in country B will have to pay generally more social contributions to support their pensioners than workers in country A.
Ireland used to be more like country A, but is becoming increasingly more like country B. This is mainly down to people having children than in previous generations
Salaries (average and median) in Ireland are high, so I don’t really understand your theory about “low pay”.
maybe if the place wasn’t a rip off and childcare and housing were properly funded people might be encouraged to have a family, not everyone obvs maybe wemon now they have a choice just don’t want to take that road but many do and feel they can’t.
Well, it’s a phenomenon that’s happening in every country in the western world, so I’m not really sure that it can be framed as part of “everything in Ireland is bad”
yes there are other factors obviously,there will be a decrease, but these ones undeniably play a part in the decrease here, most Irish wemon I know still actually WANT children,
if I compare to my French friends who actually distinctly don’t or only one..
btw the everything in Ireland is bad thing is in your head,
I have plenty of positive things to say too, they clearly don’t resonate in the same way with you,
you can love a place and critique it, wish better for your fellow countrymen, these things can exist simultaneously.
I mean.. given that an aging population is a global phenomenon, and your first reaction was to list things that bad things about Ireland specifically, you can see why I may have formed that opinion
ah Rob,
different factors are at play in different countries, some of them common phenomenon,
I believe these factors are not specific to Ireland but definitely play a role,
wemon don’t have babies for lots of reasons, in my experience these are the two reasons cited by Irish wemon who still culturally and socially are quite marriage and family driven.
( and you always get a dig in every time I critique Ireland, this is a site about Irish news , when I lived in France I had things to say about what could be improved there, if I lost all reason and lived in the US I’d probably never stop giving out, see how this works )
What is it about your education that stops you from accepting any criticism or questioning any status quo ? Do you believe it is disloyal or somehow unationalistic to ask questions or to want improvement or to be able to see what’s wrong with a country ? Why does it get under your skin so much ?
I wouldn’t consider myself nationalistic at all (according to some other posters, I’m a west Brit), but there is a tendency on this site to paint every single failing in the country as some sort of novel phenomenon, unique to Ireland.
To whit: there is global phenomenon of the population aging, and Giggidy suggests that it’s that it’s due to low-pay. This isn’t just an incorrect interpretation – the entire premise is completely wrong (Irish workers are not low-paid, by any metric).
Or other posts where people say things along the lines of: “it can’t get any worse”; “most corrupt country”, etc – these things are genuinely at odds with objective reality, by any measurable metric.
I don’t want you to think I am having a go at you (but it’s true I have argued a lot with you lately; that’s just the way that things have panned out)
ok, I hear your point,
I think people use these phrases out of frustration and we can always compare to worse places but if we want to improve we should compare to better imo :)
Ireland has one of the highest cost of living expenses in the EU. Wages are relative to cost of living. Rent, childcare, and car insurance are part of that, as well as many more factors.
@ Junk – you are right; but that’s the thing about living in one of wealthiest countries in the EU, you will end up with some of the highest prices in the EU, also.
In other news
I forgot to sanitise my hands
And the handle of the shopping trolley earlier
I hope I make it ╏ ” ⊚ ͟ʖ ⊚ ” ╏
doomed
If some people could drag themselves away from castigating teenage activists and Extinction Rebellion, the real bad guys are Still At It.
Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic.
Faced with plunging profits and a climate crisis that threatens fossil fuels, the industry is demanding a trade deal that weakens Kenya’s rules on plastics and on imports of American trash.
https://www.nytimes.com/2020/08/30/climate/oil-kenya-africa-plastics-trade.html
Kenya is always the targeted African Nation for external pressure from International Big Big Big Dirty Players
Botswana will be next on their list btw
Pakistan: Karachi experiences worst floods in almost a century, dozens dead
Pakistan’s most populous city has been hit by its heaviest rainfall since records began in 1931. At least 41 people have died, while the toll could rise as rescuers struggle to reach several neighborhoods.
https://www.dw.com/en/pakistan-karachi-experiences-worst-floods-in-almost-a-century-dozens-dead/a-54725008
Thousands march in Mauritius over dead dolphins, oil spill
https://columbiabasinherald.com/news/2020/aug/31/thousands-march-in-mauritius-over-dead-2/