State Banking Sector

Dáil Éireann Debate, Tuesday - 26 February 2013

Tuesday, 26 February 2013

Questions (229)

Michael McGrath

Question:

229. Deputy Michael McGrath asked the Minister for Finance the number of retired executives of Permanent TSB, if any that have been written to by the bank asking that they consider voluntarily foregoing a portion of their pension;the number that responded positively, negatively, or not at all; the number of retired executives that have since actually foregone some of their pension entitlement and the overall value of the pensions entitlements that have been foregone by retired executives of the bank. [10298/13]

Written answers

Minister for Finance

I am advised by Permanent TSB that the bank has not to date written to retired executives asking them to consider forgoing a portion of their pensions. However the bank has also advised that it is currently undertaking a fundamental review of its staff pension schemes and will be consulting with the staff and the pension scheme trustees over the coming months on the level of benefits payable from the schemes.