Dáil debates
Tuesday, 6 November 2012
Leaders' Questions
4:00 pm
Enda Kenny (Mayo, Fine Gael) | Oireachtas source
I have pointed out to Deputy Adams the reflections regarding the bank's capacity to meet its pensions.
That is why the €1.1 billion was transferred, to deal with the 2,500 people taking early retirement or voluntary redundancy. I do not expect the Government to follow that if there was a requirement for a second transfer of additional funds to deal with pension deficits that may arise in the case of senior executives who carry truly extraordinary levels of pension. It is a matter for the banks to deal with but I would not be supportive of a further similar transfer in the case of dealing with the pension deficit when they are already retired and in receipt of extraordinarily high levels of remuneration.
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