Transitional Payments

kippy

http://www.breakingnews.ie/ireland/report-mccreevy-earning-132k-on-top-of-ryanair-salary-474849.html

It has been reported that Ireland's former European Commissioner Charlie McCreevy is still earning up to €132,000 a year as part of the EC's transitional payments scheme.

The Financial Times Deutschland said Mr McCreevy is claiming the payment despite a well publicised move to the board of Ryanair.

The European Commission has said its transitional payments scheme is to help former Commissioners like Charlie McCreevy ease into life after Brussels.

It lasts three years and can be anywhere between 45% and 60% of their original salary, meaning the former Finance Minister is getting payments of €11,000 a month.

Mr McCreevy left the Commission in February and was appointed to the board of Ryanair in May where he gets a salary of around €47,000 a year.

"Ease into life"????? This gravy train obviously goes all the way to the very top. I've never gotten any payments from any jobs to ease me into other jobs, has anyone here gotten any?

This is one of the things which sicken me about politics and politicians.
They seem to operate on a totally different set of employment and salary rules than the rest of us. As well as getting exceptionally well paid and expensed they also get these "parachute payments" either when a term ends or the electorate kick them out on their ass.
I once seen a senior politician justify one of these parachute payments (should the electorate not vote them in next time) by saying that they were too old to get another job - who would hire them etc- so they required this massive "payoff" (http://www.independent.ie/national-news/mcdowell-got-multiple-parachute-payments-after-election-failures-2186658.html). If Joe soap on the street gets fired (which is the same as what can happen to a politician when he doesnt get voted in again) they sure as fcuk dont get any parachute payments.

What a load of nonsense. I am sick of it, and all the time we expand our political base, be it nationally or in Europe.
The only way to sort this out is to make it obvious to politicians the next time they come looking for your vote, that you want all these things scrapped.

(MODS feel free to move, this possibly doesnt fit directly into "Irish Economy" and may come across better in another forum)

kippy

ardmacha wrote: »

These organisations were run in accordance with government policy. Government didn't want regulation of the financial sector, they did want lots of houses built.

The proper object of punitive taxes are those who voted for the government, which in a democracy with secret ballot is everyone.

Are you in the right thread?

ardmacha

Oops......

Nijmegen

He doesn't just get this, he gets a Dail pension and a Ministerial pension also.

It is seriously wrong the way the politicians and senior civil servants have colluded to grant themselves these massive, gold plated payoffs that nobody else could get.

And if you're a senior politician in particular, where you get much more, you will walk into jobs on boards of directors and so forth. McCreevey is getting €47,000 to sit on the board of Ryanair.

From here:

• Resettlement allowance of €19,909.89
• Transitional allowance of €358,378 payable over 3 years, working out at €119,459.50 per year
• Lifelong pension of €50,000 per year
• Moving costs to pack up and fly his family back to dear ole Ireland, business class

This is on top of an Oireachtas pension of €52,213 and a ministerial pension of €75,003 for his stint as finance and enterprise minster.

Spudmonkey

Kippy. There seem to be two different types of people in this country. There are those on the bottom who leach and milk the system for everything they can get and there are those at the top who also leach and milk the state for everything they can get.

It's the ordinary decent workers in-between that get shafted. I sincerely doubt a change in government would change this culture though. I think something more radical is required.