Brian Cowen (Laois-Offaly, Fianna Fail)

I stated it was important that it be pre-funded, as with all private sector pensions. The issue that arose on this matter was not as contended. The payment was being portrayed as a top-up but it was to meet the statutory requirements given that the annual report was at the end of March, and to indicate the payments that had to be made into the scheme in order to ensure the usual provisions that applied to CEOs in the Bank of Ireland would be applicable to Mr. Boucher.

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