Banking Sector Redundancies

Dáil Éireann Debate, Thursday - 26 September 2013

Thursday, 26 September 2013

Questions (78)

Kevin Humphreys

Question:

78. Deputy Kevin Humphreys asked the Minister for Finance if all staff accepting voluntary redundancy/retiring from PTSB were offered briefing on their retirement entitlements; if these seminars were made available to all retiring staff equally; where these briefings were held; if they were more than one day events, if the bank covered accommodation and hospitality costs for the employees attending; if so, the overall cost of same; and if he will make a statement on the matter. [40207/13]

Written answers

Minister for Finance

Permanent TSB has informed me that staff who were offered and accepted Voluntary Severance were advised that they would be offered the standard deferred pension benefits in accordance with the rules of their pension scheme. Permanent TSB advises me that details of the deferred pension benefits were issued to such staff members by the Trustees of the Pension scheme of which they were a member. I have been advised by Permanent TSB that it did not host briefings or seminars for staff leaving on Voluntary Severance. Permanent TSB has informed me that it did not offer voluntary early retirement to staff.