Oireachtas Joint and Select Committees

Thursday, 9 October 2014

Public Accounts Committee

2013 Annual Accounts of Shannon Free Airport Development Company

12:15 pm

Mr. Neil Pakey:

There is a note in the 2013 accounts - note 11 on page 24 - which may contain the answer the Deputy is looking for. It states that VER/VR costs of €3.439 million paid by the company during the year were fully funded from the Oireachtas grants. Some 33 staff exited under the scheme that consisted of a severance payment of three weeks pay per year of service plus statutory entitlement under the Redundancy Payments Acts subject to an overall limit of two years' pay or, if less, one half of the salary payable to preserve pension age.

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