TD pension pot to rise to €16m

The pension pot for TDs and senators is to be boosted to €16 million to cover generous packages for those who lose their seats or retire at the next general election.

13th November, 2010

The pension pot for TDs and senators is to be boosted to €16 million to cover generous packages for those who lose their seats or retire at the next general election.

It will jump from the current €10 million to cover the lump sums, termination payments and other payouts expected for outgoing members.

According to sources in the Houses of the Oireachtas Commission, the additional €6 million is forecast for 2013 in its estimates and...

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