Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Mr. Bobby O'Connor:

I will. There was a unique position concerning the former president in that his contract of employment did not have a notice period. He resigned in the middle of Covid and sought to have a 12-month notice period. The chancellor at the time, the current chancellor, was not willing to accept that he would have a notice period of 12 months and negotiated a six-month period with him that would align with precedent in the context of notice periods for people at that level. He worked for two months of the notice period and was paid for four months in lieu of notice. Our view that it was not a severance payment was based on the fact that if it had been, he would have been entitled to a sum of over €12,000 tax free. We did not apply that; we paid him through normal salary arrangements.