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Banking Sector Remuneration

Dáil Éireann Debate, Tuesday - 13 November 2012

Tuesday, 13 November 2012

Questions (182)

Mary Lou McDonald

Question:

182. Deputy Mary Lou McDonald asked the Minister for Finance if public servant pension abatement rules are being applied to public interest directors appointed by the Government to the Irish Bank Resolution Corporation, Permanent TSB, Bank of Ireland and Allied Irish Banks; and, if not, if he will confirm the annual pensions paid to these same public interest directors. [49557/12]

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Written answers

I am advised that public servant pension abatement rules do not apply to fees paid to the Public Interest Directors appointed to the boards of Irish Bank Resolution Corporation, Permanent TSB, Bank of Ireland or Allied Irish Bank. The abatement rules could not be applied to these fees as the institutions involved are not within the Public Service. As the issue of public service pensions is a matter for my colleague the Minister for Public Expenditure and Reform I have asked him to forward the information to the Deputy directly.

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