€80,000 lump sums for over 7,000 retiring public servants

More than 7,000 retiring public servants will receive an average lump sum of over €80,000, according to figures obtained from the Department of Public Enterprise.

19th February, 2012

More than 7,000 public servants retiring at the end of this month will receive an average lump sum of over €80,000, according to figures obtained from the Department of Public Enterprise.

The tax-free payments will cost the exchequer some €600 million this year and are in addition to pensions of half of final salary, in cases where the pensioner has full service.

The department said that the average public sector pension was €27,000 a year, meaning...

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