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.