Dáil Éireann Debate, Tuesday - 13 November 2012
187. Deputy Gerry Adams asked the Minister for Finance the number of persons in receipt of pensions from the Irish Bank Resolution Corporation which are in excess of €100,000; the names of those who are in receipt of the pensions and the sums they receive on an annual basis. [49416/12]
View answerI have been advised by IBRC that the number of retired employees currently in receipt of a defined benefit pension from the former Anglo Irish Bank and INBS in excess of €100,000 is 8. Due to the Bank’s obligations under Data Protection Acts 1988 and 2003 the names of these individuals and the annual sums they receive cannot be disclosed.
It should be noted that all bar 1.5% of current IBRC employees are on a defined contribution pension or no pension scheme as opposed to a defined benefit pension scheme. The future value of their annual pension is therefore not guaranteed.
