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Farm Retirement Scheme.

Dáil Éireann Debate, Tuesday - 30 March 2004

Tuesday, 30 March 2004

Questions (108)

Martin Ferris

Question:

221 Mr. Ferris asked the Minister for Agriculture and Food the amount of money offset each year for the old age pension from the early retirement scheme. [9659/04]

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Written answers

It is a requirement of the EU regulations governing the schemes of early retirement from farming that any national retirement pension to which a scheme participant — and his or her spouse or partner in a joint management situation — becomes entitled must be deducted from the early retirement pension. The value of national retirement pensions offset against the early retirement pension since 1998, the earliest date for which records are readily available, is as follows: 1998, €7.8 million — estimate; 1999, €9.6 million; 2000, €13.3 million; 2001, €16.4 million; 2002, €17.9 million; and 2003, €16.7 million.

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