Dáil Éireann Debate, Tuesday - 18 October 2011
213 Deputy Mary Lou McDonald asked the Minister for Jobs, Enterprise and Innovation the saving to the Exchequer if all existing public service pension payments to former employees of State agencies under the aegis of his Department were capped at €35,000 per year. [29783/11]
View answerThe capping of existing public service pensions which are already in payment would involve changes in the terms and conditions of employment of former public servants, which is a policy matter for the Minister for Public Expenditure and Reform.
The following additional information was provided under Standing Order 40A
The annual reduction in gross pension payments, if all pensions were capped at a maximum of €35,000 per annum, would be in the order of €6,350,000 gross in respect of the former employees of the agencies under the aegis of my Department. The net saving to the Exchequer would be less than this, taking account of reduced PAYE and other statutory deductions from salary.
