The only State body under the aegis of my Department is the Army Pensions Board.
The Army Pensions Board is an independent statutory body established under the Army Pensions Act, 1927. The Act specifies that the Board shall consist of a chairman and two ordinary members. The two ordinary members must be qualified medical practitioners of whom one must be an officer of the Army Medical Corps. The chairman and the non military ordinary member are appointed by the Minister for Defence with the concurrence of the Minister for Public Expenditure and Reform. The Army Medical Corps ordinary member is appointed by the Minister for Defence on the recommendation of the Chief of Staff of the Defence Forces. The chairperson is in receipt of an annual fee of €7,618.
The annual savings to the Exchequer, if the annual fee paid to the chairperson of Army Pensions Board was reduced by 25%, would be €1,905.