Dáil Éireann Debate, Tuesday - 24 June 2014
144. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 13 of 26 February 2013, the status of communication between AIB and retired former executives in respect of pension entitlements; if any former director is currently foregoing pension entitlements; and if he will make a statement on the matter. [26845/14]
View answerAs the Deputy will be aware AIB has written to former senior executives of both AIB and EBS requesting a voluntary reduction in their pension levels. In some cases the Bank has written more than once. I have been informed by AIB that the bank is not in a position to reveal the status of discussions with the individuals on confidentiality grounds unless the individuals give their consent to do so. Ultimately any reduction taken by an individual is purely on a voluntary basis, as the bank has no legal power to alter the pensions in payment.
