Vol. 507 No. 2
62 Mr. Penrose asked the Minister for Public Enterprise the provision or reservation, if any, of shares made for pensioners who retired from, and deferred pensioners of, Telecom Éireann and particularly those who retired in December 1998; and if she will make a statement on the matter. [16406/99]
Any one who is already in receipt of a pension, or entitled to a deferred pension, if they retired, or left employment, on or before 1 November 1998 from Telecom Éireann is eligible.
Under the terms of the pensioners offer, should an eligible pensioner choose to apply for shares, he or she is guaranteed, should the share offer go ahead, to receive the total amount of shares for which he or she applies and pays for, up to a maximum allocation of £3,000, and subject to the pro rata share value arrangement for spouses of deceased eligible pensioners and dependent children.
Any one who retired from, or left the employment of, Telecom Éireann after 1 November 1998 was included in the ESOP scheme for Telecom Éireann employees and therefore is excluded from the pensioners offer.
