Thousands of Irish workers could be in line for a hefty lump sum payment as part of a new pay deal under consideration by public sector unions.
Public servants have been offered phased wage increases of 6.5% over the course of 18 months to October 2023, the Irish Congress of Trade Unions (ICTU) has said. Key to the offer is the incentive of a lump sum payment before Christmas via a backdated increase of 3% in wages from February 2, 2022.
This payment would be paid very shortly after an agreement with government saying they would work quickly to process it amid a cost of living crisis. It would mean a pre-tax payment of just under €700 for a public sector worker earning €30,000, €1,125 for someone on €50,000 annually or over €2,000 for those already earning €100,000 or more per year.
