Vol. 512 No. 7
99 Mr. Perry asked the Minister for Agriculture, Food and Rural Development the progress, if any, he has made regarding the compensation to the farm retirement scheme recipients who were paid less in their pensions due to the euro rate conversion; when this will be rectified; and if he will make a statement on the matter. [27210/99]
Pensions paid under the scheme of early retirement from farming, along with certain other payments, were reduced by approximately 5.055% when the euro was introduced. Formal approval to pay compensation for this reduction to participants in the scheme was received from the European Commission on 8 December and my Department is now making arrangements for the payment to be made.
