Thursday, 14 February 2013

Ceisteanna (145)

Michael McGrath


145. Deputy Michael McGrath asked the Minister for Finance if he will provide detail of the termination payments that will be made to former senior executives at the Irish Bank Resolution Corporation, in liquidation; and if he will make a statement on the matter. [7960/13]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

Following the liquidation, all employment contracts in the Republic of Ireland have been terminated, including those of the former Senior Executives. The Senior Executives are entitled to apply for a statutory redundancy payment, a payment in respect of accrued but unused annual leave and a statutory notice payment, subject to the limits prescribed by statute.