Michael Creed (Cork North West, Fine Gael)
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Question 163: To ask the Minister for Agriculture, Fisheries and Food the incentives available in his Department to staff to avail of early retirement; the likelihood of these schemes being made more attractive both in terms of pension and lump sum provision; and if he will make a statement on the matter. [43187/08]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
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The only early retirement arrangements which staff in my Department can avail of is Cost Neutral Early Retirement. This is a facility which allows established staff to retire between 50 and 60 and un-established staff to retire between 55 and 65 with immediate payment of pension and lump sum. These benefits are subject to actuarial reduction to take account of early payment of the lump sum and the longer period over which the pension is payable. All terms and conditions pertaining to superannuation for civil servants are a matter for the Minister for Finance.