Written answers

Tuesday, 13 November 2012

Department of Finance

Banking Sector Remuneration

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
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To ask the Minister for Finance if public servant pension abatement rules are being applied to Public Interest Directors appointed by the Government to Irish Bank Resolution Corporation, Permanent TSB, Bank of Ireland and Allied Irish Bank; and if not, if he will confirm the annual pensions paid to these same Public Interest Directors. [49557/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised that public servant pension abatement rules do not apply to fees paid to the Public Interest Directors appointed to the boards of Irish Bank Resolution Corporation, Permanent TSB, Bank of Ireland or Allied Irish Bank. The abatement rules could not be applied to these fees as the institutions involved are not within the Public Service. As the issue of public service pensions is a matter for my colleague the Minister for Public Expenditure and Reform I have asked him to forward the information to the Deputy directly.

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