Written answers
Wednesday, 13 May 2009
Department of Finance
Pension Provisions
9:00 pm
Liz McManus (Wicklow, Labour)
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Question 109: To ask the Minister for Finance his views on the recent year end results published by a bank (details supplied); his further views, in particular, on the payment of €27.6 million to a person in respect of their pension entitlements; and if he will make a statement on the matter. [18956/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy will be aware, the pension arrangement referred to was dealt with in the institution's annual report and accounts for 2008. The report notes that the net after tax contributions made by the institution to this scheme was approximately €3 million.
In addition, I asked the Directors appointed under the bank guarantee Scheme to promote the public interest to investigate certain issues relating to the remuneration of the CEO of the institution. The report has just been completed and I, along with my officials, will be reviewing its content in the coming days.
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