Verona Murphy (Wexford, Independent) | Oireachtas source

I would certainly appreciate it. I am also a member of the Committee of Public Accounts and we should be offering the best we can in respect of public expenditure. The title of the Department is that of the Department of Public Expenditure and Reform. If nothing else, and if we cannot stop what has happened, we should most certainly be able to create a process whereby we have covered all the avenues now being discussed for use in the future. I was in business for 30 years. From what we have listened to today, it is beyond me to be able to understand that it appears we plucked a figure out of the sky in this regard. The matter does not just end with that figure.

There is an actuarial process involved, if account is taken of the Civil Service pensionable interest with respect to the candidate who achieved the position. It is in excess of hundreds of thousands of euro extra on top of what we think is the salary increase in terms of the cost to the Exchequer. That has to be defined. I would appreciate if that actuarial computation could be forwarded to this committee in order that we could review it. I do not need to know who the other applicants were, but Mr. Fraser might set out that computation against that of one of the other applicants and show us the differentiation that would have applied.