The Department of Finance has released an explanatory document on the plan (including a ready-reckoner to work out how much public sector workers will lose at each income level): you can read it here.
It would be useful to see a more extended presentation of the government’s fiscal plans for 2010-2013. Although the cancellation of the scheduled pay increases will achieve €1 billion of the required €4 billion adjustment in 2010, the balance between spending cuts and tax increases remains unclear for each of the years 2010-2013. While yesterday’s plan is a start, it is important to present the multi-year strategy as soon as possible. Otherwise, economic performance will continue to be affected by an avoidable level of uncertainty regarding tax and spending levels. If the government wishes to secure agreement with the social partners on the non-pay elements, the process needs to re-start sooner rather than later.
Update: As noticed by Patrick, Department of Finance now has a new ‘ready reckoner’ that adjusts for the reduction in taxable income: you can find it here.