Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance the number of retired executives of AIB including EBS that have been written to by the bank asking that they consider voluntarily forgoing a portion of their pension; the number that responded positively, negatively, or not at all; the number of the retired executives that have since actually foregone some of their pension entitlement and the overall value of the pensions entitlements that have been foregone by retired executives of the bank. [10296/13]

Michael Noonan (Limerick City, Fine Gael)
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The Deputy will be aware that AIB has previously confirmed that it has written to former senior executives of both AIB and EBS Limited requesting a voluntary reduction in their pension levels.

The Bank has informed me that is not disclosing the names of these individuals on confidentiality grounds, but that it has to date issued in excess of thirty letters. AIB is not in a position to release information on former employees without the express consent of the individuals.

Given this is an on-going complicated process from a tax, legal and Revenue perspective the Bank is not in a position to confirm the levels of reductions achieved to date.

Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance the number of retired executives of Bank of Ireland, if any that have been written to by the bank asking that they consider voluntarily forgoing a portion of their pension; the number that responded positively, negatively, or not at all; the number of the retired executives have since actually foregone some of their pension entitlement; and the overall value of the pensions entitlements that have been foregone by retired executives of the bank. [10297/13]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, I have no role in the day-to-day commercial and operational decisions of Bank of Ireland. These decisions are taken by the board and management of the institution. Notwithstanding the fact that the State is a minority shareholder in Bank of Ireland, the Minister must ensure that the bank is run on a commercial, cost effective and independent basis to ensure the value of the banks as assets to the State, as per the Memorandum on Economic and Financial Policies agreed with the EU Commission, the ECB and the IMF. The Relationship Frameworks with the banks provide that the State will not intervene in the day-to-day operations of the banks or their management decisions.

These frameworks are published on the Department of Finance website at .

The Bank has advised me:-

"that it has commenced a process of engagement in connection with the deficits in defined benefit pension schemes to which the Bank is sponsor.

The Bank will not be commenting on aspects of this engagement unless it considers it necessary to do so as part of the wider engagement process or is considered appropriate as a market reporting obligation or a market update objective."

Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance the number of retired executives of Permanent TSB, if any that have been written to by the bank asking that they consider voluntarily forgoing a portion of their pension;the number that responded positively, negatively, or not at all; the number of retired executives that have since actually foregone some of their pension entitlement and the overall value of the pensions entitlements that have been foregone by retired executives of the bank. [10298/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Permanent TSB that the bank has not to date written to retired executives asking them to consider forgoing a portion of their pensions. However the bank has also advised that it is currently undertaking a fundamental review of its staff pension schemes and will be consulting with the staff and the pension scheme trustees over the coming months on the level of benefits payable from the schemes.