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Written Answers - Pension Provisions

Thursday, 9 February 2012

Dáil Éireann Debate
Vol. 755 No. 1

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 93.  Deputy Jim Daly Information on Jim Daly Zoom on Jim Daly  asked the Minister for Public Expenditure and Reform Information on Brendan Howlin Zoom on Brendan Howlin  the number of persons who receive a retirement pension in excess of €50,000 annually; the total cost of such payments after each recipient has been paid an amount of €50,000; and if he will make a statement on the matter. [7491/12]

Minister for Public Expenditure and Reform (Deputy Brendan Howlin): Information on Brendan Howlin Zoom on Brendan Howlin On the basis of data provided by the Office of the Paymaster General, the number of Civil Service pensioners in receipt of pensions in excess of €50,000 is 645. The estimated yield from capping Civil Service pensioners at €50,000 is of the order of €10 million.

The data for the wider Public Service would be a matter for the respective line Departments.

 94.  Deputy Jim Daly Information on Jim Daly Zoom on Jim Daly  asked the Minister for Public Expenditure and Reform Information on Brendan Howlin Zoom on Brendan Howlin  the savings that would be achieved if all lump sum payments to public servants at retirement were to be capped at €100,000 on a temporary basis; and if he will make a statement on the matter. [7493/12]

Minister for Public Expenditure and Reform (Deputy Brendan Howlin): Information on Brendan Howlin Zoom on Brendan Howlin My Department has responsibility for administering the pension of 40 per cent of retiring civil servants. On the basis of data provided by the Office of the Paymaster General, the estimated saving from capping lump sums in 2011 of this group who have lump sums over €100,000 is €4.7 million.

Based on the above estimate, the other 60 per cent of civil service retirees could add a further €7 million approximately, giving a total saving of around €12 million, if their lump sums were capped at €100,000.

The data for the wider Public Service would be a matter for the respective line Departments.


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