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Dáil Éireann debate -
Thursday, 16 Dec 1999

Vol. 512 No. 8

Written Answers. - Farm Retirement Scheme.

Liam Aylward

Question:

18 Mr. Aylward asked the Minister for Agriculture, Food and Rural Development if approval has been received from the EU Commission to allow full compensation be paid to recipients of EU farm retirement pensions, who joined the scheme prior to 1998, in respect of the reduction in 1999 pensions; and, if so, when it is likely payment will issue. [27425/99]

Pensions paid under the scheme of early retirement from farming, along with certain other payments, were reduced by approximately 5.055% when the euro was introduced.

Formal approval to pay compensation for this reduction to participants in the scheme was received from the European Commission on 8 December. My Department is now making arrangements for payment to be made by the end of January 2000 to current scheme participants. Other cases which will have to be calculated individually will be paid as soon as possible after that date.

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