Stephen Donnelly (Wicklow, Independent)
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39. To ask the Minister for Finance further to the statement by the special liquidators of Irish Bank Resolution Corporation on 25 April 2014 in which they stated a sum of money will be set aside to facilitate the provision of termination payments to certain IBRC employees who were employed by IBRC on 7 February 2013, if he will confirm the sum of money in question; and if he will make a statement on the matter. [19747/14]

Michael Noonan (Limerick City, Fine Gael)
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I understand that the Special Liquidators have set aside a sum of €5.5 million to facilitate the termination payments recommended by Mr. Kieran Mulvey of the Labour Relations Commission. I am advised that under the recommendation the majority of staff who were employed by IBRC on 7 February 2013 and who remained in employment until their contracts of employment were terminated by the Special Liquidators will receive a payment. Full details of the recommendation can be found on the IBOA website.