Today is pay day if you work in TCD. Apparently if you work in a University in Ireland and if you are on a contract (not permanent or tenured) you are still liable for the recent round of pay cuts as suggested by the latest budget. On average I'm currently earning ~5% less from this day forward, and my pension levy has increased by ~4% (since last year it was based of 10months pay and this year is the full 12months). It's not too bad for me as I don't have a mortgage, but it must be hellish for those that have a mortgage and a family, especially those that have bought a place in the last 5yrs.

As the TRSA have pointed out, this is certainly not encouraging for people working in the so called knowledge based smart economy.