Oireachtas Joint and Select Committees

Thursday, 9 March 2023

Public Accounts Committee

Business of Committee

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

May I ask about No. 4, the Irish Horseracing Regulatory Board? In the Comptroller and Auditor General's report, he says:

The CEO subsequently applied for, and was granted, early retirement. A formal agreement was concluded on 11 June 2021 providing for the termination of his employment with effect from 30 September 2021. The terms of the agreement included a termination payment of €384,870. This was €141,880 (58%) more than the amount payable if the scheme conditions had been applied as stated. Accordingly, the terms agreed with the former CEO were, to a significant extent, an exception to the provisions of the Board's early retirement scheme.

Apart from that, was there anything else unusual about that early retirement scheme?

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