Oireachtas Joint and Select Committees

Thursday, 1 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Discussion with Bank of Ireland

11:30 am

Mr. Richie Boucher:

We have examined remuneration across the board. We seek to control it. A part of that control relates to pension benefits, which comprise a significant cost. Considerable reductions in pension benefits were taken by all staff in 2011 as part of our restructuring. The disclosures regarding pay and remuneration of directors are set out in our annual report.

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