Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if any former employee of AIB who left the bank as part of the voluntary redundancy arrangements has since re-joined the bank as an employee or is doing work for the bank as a self-employed contractor either here or overseas; and if he will make a statement on the matter. [17755/13]

Michael Noonan (Limerick City, Fine Gael)
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AIB has informed me that as part of the Bank’s exit process, all early retirement and voluntary severance offers include a clause which precludes the staff member from being re-hired by AIB or any of its subsidiaries, either directly or indirectly through a third party. In the case of early retirement the restriction is open ended. In the case of voluntary severance the restriction applies for a period of four years from the date of termination. Controls are in place within AIB to ensure that any such re-hires do not occur on the AIB payroll. I understand that AIB has retained the services of a total of four individuals post retirement, immediately after their exit dates, solely for the purpose of concluding two projects of significant consequence from a regulatory and financial standpoint. These individuals were subject matter experts, who were engaged on the projects prior to retirement. Permission was sought from the Revenue Commissioners in advance of their appointment. This is in the context of c.1,700 staff leaving AIB in 2012 as part of the early retirement and voluntary severance programme.