Vol. 513 No. 6
199 Mr. Hogan asked the Minister for Agriculture, Food and Rural Development when payment will be made to farmers under the farm retirement scheme to compensate for the change over from punts to euros; and if he will make a statement on the matter. [3003/00]
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 1999. Compensation issued to current scheme participants with their January cheques. Other cases which will have to be calculated individually will be paid as soon as possible after that date.
