Brian Hayes (Dublin South West, Fine Gael)
Link to this: Individually | In context

Question 260: To ask the Minister for Education and Science if he will quantify the savings which will be made by suspending the early retirement scheme for teachers; and if he will make a statement on the matter. [45737/08]

Batt O'Keeffe (Cork North West, Fianna Fail)
Link to this: Individually | In context

My Department estimates that the cost of the Early Retirement Scheme in 2009 would have been €19m. This figure represents lump sum and pensions for new retirees in 2009. With the suspension of the scheme, it is likely that some teachers who would normally apply under the early retirement scheme will retire on other grounds. Therefore, it is estimated that the scheme's suspension will lead to a net saving of approximately €10m next year.