Written answers
Thursday, 9 February 2012
Department of Enterprise, Trade and Innovation
Pension Provisions
5:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 101: To ask the Minister for Jobs, Enterprise and Innovation if he will set out the details of the severance package arrangements agreed with a person (details supplied). [7422/12]
Richard Bruton (Dublin North Central, Fine Gael)
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Mr Appleby is retiring under the terms of the Cost Neutral Retirement Scheme on 29 February 2012. He will be entitled to an actuarially reduced pension and lump sum. Mr Appleby will be entitled to receive his lump sum on his retirement date. However, his pension will be abated for the period that he has agreed to remain on in his post in an acting capacity. Under the terms of Mr Appleby's fixed term contract as Director, he will also be entitled to two weeks pay on its termination.
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