Seanad debates

Wednesday, 31 October 2007

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages

 

1:00 pm

Photo of Batt O'KeeffeBatt O'Keeffe (Cork North West, Fianna Fail)

——and to deal with it on a logical and truthful basis. The provision brings payment to Ministers into line with civil and public servants who make late applications for a preserved pension. Whether or not an individual case arose, ministerial pensions must be brought into line, irrespective of whether they make a late application, in the same way senior civil servants, to whom we are aligned, can take up a pension if they apply late.

I will deal with a number of issues that have arisen. One concerns the application by the former Minister. It is important to put on record the fact that arrears of pension for the period in question would amount to approximately €75,000, as against the €500,000 which has been touted in the media. A person who is still serving receives an abated pension. It is a two-year issue that is at stake in this instance. I want to comment on some of the terms which have been used during the debate on this case. Words like "morality" and "sneakiness" have been used.

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