Tuesday, 2 July 2013

Questions (90)

Michael Colreavy

Question:

90. Deputy Michael Colreavy asked the Minister for Finance the reason persons (details supplied) were employed by Irish Bank Resolution Corporation under this Government; if he will outline the amount they were paid since the nationalisation of Anglo Irish Bank; and if he will outline the severance and pension package each received. [31860/13]

View answer

Written answers (Question to Finance)

I have been advised by the Special Liquidators that they cannot comment on the remuneration packages of individual staff members of IBRC (in Special Liquidation). I have been advised by the Special Liquidators that any amounts paid by way of severance packages were in line with the packages paid to all employees of the bank. In relation to employees at the time of the liquidation, where relevant, senior executives are entitled to apply for a statutory redundancy payment, a payment in respect of accrued but unused annual leave and a statutory notice payment, subject to limits prescribed by statute.

Question No. 91 answered with Question No. 77.