Pension bill for ex-office holders up 25% in 2011

THE BILL for pensions to former office holders jumped by more than 25 per cent last year, with former presidents, ministers, …

THE BILL for pensions to former office holders jumped by more than 25 per cent last year, with former presidents, ministers, members of the judiciary and other senior office holders receiving a total of €15.22 million.

That compares with €12.1 million in 2010. The figure includes severance payments of €1.1 million to members of the Fianna Fáil/ Green coalition voted out of office last year.

Figures published last night on the Department of Finance website indicate that only 31 out of almost 200 office holders opted to forgo any portion of their pension. The €347,686 forgone amounts to just 2.3 per cent of the total sum paid in pensions and severance.

The highest pension paid last year was to former Progressive Democrats leader Michael McDowell. However, of the €173,700 he received, more than €142,000 related to backpayment for years in which he had been underpaid. That aside, two former comptroller and auditor generals – John Purcell and Laurie McDonnell – were the largest single beneficiaries, with pensions of €114,700.

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Two former taoisigh, Bertie Ahern and Liam Cosgrave, surrendered a portion of their pensions while Brian Cowen, John Bruton and Albert Reynolds did not. Former president Mary Robinson opted to forgo €15,500 of her €139,500 entitlement.

The presidency remains the highest-paid office, with Mary McAleese receiving €280,300 and her successor Michael D Higgins €45,200 during the year, a total of €325,500. Both surrendered a portion of that salary last year.

The figures show the State’s judiciary was paid €27.35 million last year. The position of chief justice was paid €304,974. They also show the total paid in parliamentary leaders’ allowances fell last year to €7.2 million, from €8 million in 2010. Sinn Féin saw its leader’s allowance more than double to €933,876 from €335,425 the previous year. The allowance for Labour also rose while the figures for Fianna Fáil and Fine Gael fell.

Dominic Coyle

Dominic Coyle

Dominic Coyle is Deputy Business Editor of The Irish Times