Aengus Ó Snodaigh
Question:98. Deputy Aengus Ó Snodaigh asked the Minister for Finance the action that has been taken by AIB since its commitment last year to reduce the excessive pensions that its former executives receive. [23965/13]
View answerTuesday, 21 May 2013
Questions (98)
Written answers
The Deputy will be aware that AIB has previously confirmed that it has written to former senior executives of both AIB and EBS Limited requesting a voluntary reduction in their pension levels. The Bank has informed me that is not disclosing the names of these individuals on confidentiality grounds, but that it has to date issued approximately forty letters. AIB is not in a position to release information on former employees without the express consent of the individuals.
Given this is an on-going complicated process from a tax, legal and Revenue perspective AIB has indicated that it is not in a position to confirm the levels of reductions achieved to date.