Seán Fleming (Laois-Offaly, Fianna Fail)
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Question 180: To ask the Minister for Finance if he will provide in tabular form the number of staff who retired from his Department in each year since 2009 and the total gratuity payments made to retiring staff in each of these years; and if he will make a statement on the matter. [30881/12]

Michael Noonan (Limerick City, Fine Gael)
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The retirement lump sum is 3/80ths of pensionable remuneration for each year of reckonable service, subject to a maximum of 1.5 times pensionable remuneration. Lump sum superannuation benefits (i.e. retirement lump sums and all gratuities) are calculated by reference to pensionable remuneration and reckonable service. Pensionable remuneration is the aggregate of pensionable salary and pensionable emoluments.

In my Department in 2009, 34 staff members retired and received a total net value lump sum/gratuity (after deductions have been made) of €2,471,198.00 at an average of €72,682 per person. In 2010, 21 staff members retired in receipt of a net value lump sum/gratuity of €2,093,108.00 at an average of €99,672 per person. In 2011, 20 staff members retired in receipt of a net value lump sum/gratuity of €2,268,545.00 at an average of €113,427 per person. In the period to 21 June 2012, 22 staff members retired and received a net value lump sum/gratuity of €1,919,724.00 at an average of €87,260 per person.

The annual values shown include ISER cases where 10% only of lumps sum has been paid. The balances will fall due for payment as the payees involved reach their 60th birthdays.