Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Bank of Ireland

12:45 pm

Mr. Richie Boucher:

Under my pension arrangements, which is an actuarial adjustment, my pension has not changed one iota. The actuarial adjustments and the cash that is provided can change depending on interest rates, depending on yields, etc. That can change from time to time. My pension has not changed one iota. I had a contract in 2009 which gave me certain pension rights. I voluntarily gave those up in 2010, when we were in the middle of a capitalisation programme. This became an issue and I voluntarily gave that up.

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