Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

Well, my understanding of the general arrangements that were made for secretary generals - there was a time limited nature of the appointment and there was an age limit also on the appointment. The time limit was generally seven years and so if you retired considerably below the normal retirement age of 60 or 65, there was a top-up. I couldn't swear what the total top-up was supposed to be but I have a feeling it would've been up to seven years generally. In my case, it was two. Who sanctioned it? They were the arrangements approved by the Government. They have been ... they have been ... those top-ups, as I understand it, no longer apply and the basic salaries have all been significantly reduced. As I said, I ... I never set out to become Secretary General so that I could earn more money. That was what went with the job. I'd have been very happy with less and, in a way, I'm surprised that my pension wasn't cut even more than it was.

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