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Written Answers - Pension Provisions

Thursday, 9 February 2012

Dáil Éireann Debate
Vol. 755 No. 1

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 101. Deputy Michael McGrath Information on Michael McGrath Zoom on Michael McGrath  asked the Minister for Jobs, Enterprise and Innovation Information on Richard Bruton Zoom on Richard Bruton  if he [148]will set out the details of the severance package arrangements agreed with a person (details supplied). [7422/12]

Minister for Jobs, Enterprise and Innovation (Deputy Richard Bruton): Information on Richard Bruton Zoom on Richard Bruton Mr Appleby is retiring under the terms of the Cost Neutral Retirement Scheme on 29 February 2012. He will be entitled to an actuarially reduced pension and lump sum. Mr. Appleby will be entitled to receive his lump sum on his retirement date. However, his pension will be abated for the period that he has agreed to remain on in his post in an acting capacity. Under the terms of Mr. Appleby’s fixed term contract as Director, he will also be entitled to two weeks pay on its termination.


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