I have listed the number of staff who have retired from my Department in the years 2009 to date and the total gratuity payments made to retiring staff in each of those years.
Year
|
No. of Staff Retired
|
Total Gratuity paid
|
2009
|
73
|
*€3,400,129
|
2010
|
28
|
*€1,674,457
|
2011
|
27
|
*€2,546,808
|
2012
|
44
|
*€4,354,672
|
*Includes 90 % Lump Sum payments for retirees under Incentivised Scheme of Early Retirement as follows: 2009 (1), 2010 (3), 2011 (7) and 2012 (2).
Under the Incentivised Scheme of Early Retirement, Pension along with 10% of the retirement lump sum, based on the salary held at the date of retirement, was be paid on retirement without actuarial reduction. The 90% balance of the lump sum, based on the salary scale point on the date the person reaches the normal preserved pension age, was to be paid on reaching that age and was subject to the taxation provisions in force on the date the application under this Scheme was approved.