Jim Daly (Cork South West, Fine Gael)
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Question 238: To ask the Minister for Public Expenditure and Reform the savings that would be achieved by the Exchequer if all pensions paid to retired Oireachtas members were capped at €50,000 per annum; and if he will make a statement on the matter. [30674/12]

Brendan Howlin (Wexford, Labour)
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The annual saving that would be achieved from capping pensions of former members of the Oireachtas (including former Ministers and office holders) at €50,000 is approximately €1.045 million per annum.