Gerald O’Driscoll Human Resource Manager Friday, 21 June, 2013 Effective Date 1 July, 2013 for a 3 year period Salaries over €65,000 and greater are reduced as follows Salary Reduction Any amount up to €80,000 Applies to all salary 5.5% Any amount over €80,000 but not over €150,000 8% *Pro-Rata staff on salaries of €65,000 also affected Lecturer on €83,811 Reduced 5.5% on €80,000 = €4,400 8% on €3,811 = €304.88 Total = €4,704.88 New salary = €79,106 Not affected by salary reductions Mainly Grade III and IV below €35,000 Three month increment freeze will apply after payment of next increment • Receive next increment on 1/8/2013 to Point 9 Next increment will be 1 /11/2014 • • Following increment will be 1/11/2015 • Grades III to VII 2 X 3 month increment freezes will apply after payment of next increment • 01 August, 2013 moves to Point 3 • 01 November, 2014 to Point 4 • 1 February, 2016 to Point 5 Staff on salaries over €100,000 • No increments over duration of Agreement • Additional 3 month increment freeze will apply as per €35,000 to €65,000 • Pay reduction will be applied • • A total reduction of 6 days Annual Leave (2 per year) OR Cash deduction from salary of amount equivalent to 6 days Annual Leave OR • Half of most recent increment – whichever is lesser Grade VI on max - €55,031 Value of 6 days leave - €1,265.57 Half of recent increment - €937 Deduction is €937 or 6 days annual leave • • Reduction of 3 days Annual Leave OR Cash reduction of ¼ of last increment OR • Cash value of 3 days -Whichever is the lesser • • Admin/Library Staff move to 37 hours Consultation with IMPACT has to take place on increase in hours • Proposed New Working Week Mon – Thurs 9:00 – 1:00 and 2:00 – 5:30 Friday – 9:00 – 1:00 and 2:00 – 5:00 Currently no change to Flexitime Arrangements Staff who work 30 hours per week Current Pay Multiplier 30/35 = .8571 • • New Multiplier 30/37 = .8108 Remain as is and reduce Pay Multiplier OR Increase hours and keep current Pay Multiplier • • • • New rules apply for each band Most Staff will move from 1 ½ to 1 ¼ times salary