Commitments Required by the Parties Reduce the Budget Deficit to 3% of GDP by 2014 Government acknowledged Public Servants made a significant contribution towards the recovery of the economy from savings in the Public Service pay and pension bill of €3 billion through savings: 1.The general round of pay increases due under the Mid Term Review of 2016 was not paid 2.The general moratorium on recruitment and promotions 3.Pension related deduction and cuts in rates of pay and allowances amounting to 14% 4.Pension levy of nearly 7% 5.Reduction in rates of pay and allowances
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