Semi-State Bodies Remuneration

Dáil Éireann Debate, Thursday - 17 November 2016

Thursday, 17 November 2016

Questions (285)

Michael McGrath

Question:

285. Deputy Michael McGrath asked the Minister for Jobs, Enterprise and Innovation the details of all pension top-ups paid in respect of chief executives of semi-State companies under the aegis of her Department, including the name of the organisation, the name of the chief executive, the amount of the top-up, the date of payment, and if the top-up was approved by his Department in each of the years 2011 to 2016 to date, in tabular form; and if she will make a statement on the matter. [35885/16]

Written answers

Minister for Jobs, Enterprise and Innovation

Enterprise Ireland is the only Semi State Company under the aegis of my Department to pay a pension top up to it CEO during the period in question. Frank Ryan former CEO of Enterprise Ireland was awarded 3.824 added years to his pension in accordance with the terms of the 1998 Severance and Early Retirement Scheme to CEO’s of State Sponsored Bodies. Details of the additional amounts paid are listed in the following table.

Agency	Additional Years	Additional Pension p.a	Additional Net Lump Sum	Date of Payment	Approved by Dept.
Enterprise Ireland	3.8247	€9,041.35	€14,466.17	7/3/2014	Yes