Friday February 28, 2020

Two state officials got secret pension top-up deals totalling €1m

Payouts sanctioned by state bodies without the prior approval of Department of Finance

Michael Brennan

Political Editor

13th November, 2016
IDA chairman Frank Ryan

It has emerged that IDA chairman Frank Ryan was given a lucrative public sector pension top-up in a secret deal. It allowed him to retire on a full state-funded pension of around €94,000 per year, in addition to the €20,000 he is paid annually as chair of the IDA. Ryan was one of the two state officials who benefited from pension top-ups worth a total of €1 million over their lifetime.

The commitments to pay...

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