It's set to be used as an incentive for Irish teachers to take up jobs here.
There are a number of reasons for the teacher shortage affecting schools in Ireland, according to a Laois principal.
It comes as a new payment is set to be introduced for newly qualified teachers, amounting to €2,000.
Newly qualified teachers who take up a full time role for the coming school year would receive the payment next summer.
Niamh Campion, Principal of Raheen National School and member of the Portlaoise INTO Branch says there is a definite pull to young teachers to work and live abroad:
According to the Irish Times the incentive scheme will apply to an estimated 2,000 teachers who've completed their professional masters of education.
The Teacher's Union of Ireland says while its positive the Department of Education is acknowledging a recruitment crisis, the payment is not addressing the problem.
It's General Secretary, Tullamore's Michael Gillespie, says permanent work contracts are needed:
Man Jailed For Nine Years For Midlands Arson Attack Causing €3.5m Worth Of Damage
Midlands Under Hot Weather Advisory
Local Campaigners Lead Objections Against Midlands Cycleway
Healthcare Worker On Trial Over Alleged Sexual Assault Of Overdose Patient
Council Rejects Plans For Three Glamping Pods In The Midlands
Plans Submitted For New Manufacturing Plant In Westmeath
Westmeath Community Remembers Mary Walker 117 Years After Her Murder
Westmeath Family Escapes Devastating Wildfire In France
Over €28k Available Through Westmeath Festival & Event Grant
Offaly Road Reopened Following Crash
New CAP Plans Could Support Farmer Holidays And Sick Leave
Midland Shopping Centre Owners Win Appeal Against Modular Café Plan
Midlands Expected To See Highest Heatwave Temps
Community Finance Ireland Generating Social Impact Through Third-Sector Lending
Westmeath Community Raising Funds In 'Moving For Michaela' Tribute
Former Laois Credit Union Transformed Into Artist Hub
Laois Community Leaders Welcome Outdoor Pool Funding Boost
72 Year Old Man Charged With Wife's Murder In Laois
Illegal Dumping Of Dead Sheep Investigated In Offaly
Midlands Home Prices Continue Upward Trend