The cost of their pensions / Name & Shame

alyuciao

Anyone else read this. I took it directly from thejournal.ie

FCUK THIS, the pension is bad enough, but the parachute payment is way out of order. Something like 50,000 maximum would be more in line I think.


Notes:
All totals listed are pre-tax; tax is payable on all earnings, with the exception of the part of the first-year payment accounting for the lump sum of a parliamentary pension. This equates to three years’ worth of their annual pension. Most sums are also subject to pension levies.
TDs do not receive parliamentary pensions until they turn 50, though they can accept reduced pensions at 45.
Ministerial pensions are not paid to retirees under 50 – or until they turn 65, in the case of defeated TDs who first took ministerial office after 2004.
The list:
Mary Coughlan: €312,239.56 in fhe first year, €130,161.98 every year thereafter.
John O’Donoghue: €310,370.98 in fhe first year, €128,293.40 every year thereafter.
Mary O’Rourke: €310,370.98 in fhe first year, €128,293.40 every year thereafter.
Dick Roche: €274,160.69 in fhe first year, €94,782.31 every year thereafter.
Mary Hanafin: €250,986.98 in fhe first year, €102,364.91 every year thereafter.
Pat Carey: €240,225.41 in fhe first year, €91,603.34 every year thereafter.
Michael Ahern: €235,368.58 in fhe first year, €53,291 every year thereafter.
Frank Fahey: €235,368.58 in fhe first year, €53,291 every year thereafter.
Sean Power: €235,368.58 in fhe first year, €53,291 every year thereafter.
Trevor Sargent : €230,164.88 in fhe first year, €57,410.49 every year thereafter.
Sean Haughey: €220,289.42 in fhe first year, €57,893.93 every year thereafter.
John Gormley: €212,274.07 in fhe first year, €63,652 every year thereafter.
Conor Lenihan: €207,653.76 in fhe first year, €59,031.69 every year thereafter.
Brendan Kenneally: €196,299.96 in fhe first year, €41,777.11 every year thereafter.
Johnny Brady: €185,185.31 in fhe first year, €36,563.24 every year thereafter.
John Moloney: €185,185.31 in fhe first year, €36,563.24 every year thereafter.
Eamon Ryan: €164,014.75 in fhe first year, €49,074.55 every year thereafter.
Barry Andrews: €146,218.33 in fhe first year, €31,278.13 every year thereafter.
Tom McEllistrim: €146,164.51 in fhe first year, €31,224.31 every year thereafter.
Peter Power: €146,164.51 in fhe first year, €31,224.31 every year thereafter.
John Curran: €143,079.03 in fhe first year, €28,138.83 every year thereafter.
Maire Hoctor: €142,890.67 in fhe first year, €27,950.47 every year thereafter.
Ciarán Cuffe: €139,948.69 in fhe first year, €25,008.49 every year thereafter.
Paul Gogarty: €136,925.99 in fhe first year, €21,985.79 every year thereafter.
Peter Kelly: €136,925.99 in fhe first year, €21,985.79 every year thereafter.
Michael Mulcahy: €136,925.99 in fhe first year, €21,985.79 every year thereafter.
Charlie O’Connor: €136,925.99 in fhe first year, €21,985.79 every year thereafter.
Martin Mansergh: €108,507.84 in fhe first year, €18,707.96 every year thereafter.
Aine Brady: €105,368.54 in fhe first year, €15,568.66 every year thereafter.
Sean Connick: €102,363.77 in fhe first year, €12,563.89 every year thereafter.
Mary White: €101,960.15 in fhe first year, €12,160.27 every year thereafter.
Chris Andrews: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Bobby Aylward: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Cyprian Brady: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Thomas Byrne: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Margaret Conlon: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Michael Fitzpatrick: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Michael Kennedy: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Darragh O’Brien: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Christy O’Sullivan: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
Eamon Scanlon: €99,215.50 in fhe first year, €9,415.62 every year thereafter.
TOTAL: €7,054,373.02 in the first year; €1,711,658.48 every year thereafter.

nesf

Link for backing up figures? Don't doubt you, just you should provide backup to such statements.

ISAW

alyuciao wrote: »

Anyone else read this. I took it directly from thejournal.ie

By DANIEL McCONNELL Chief Reporter
www.independent.ie
Sunday May 02 2010

Former President Mary Robinson, currently based in New York as president of worldwide advocacy group Realizing Rights, received a total pension of €187,297.
Former Taoiseach John Bruton, who went on to serve as EU Ambassador to Washington, received a total pension from the state in 2008 of €150,534. He received €152,614 in 2009, and both amounts exclude any pension entitlements he has from his time with the EU.

Former Labour leader and Tanaiste Dick Spring, who is a state-appointed director on the AIB board, received a combined ministerial and TD pension in 2008 worth €127,545, according to official figures. Last year, he received €129,145.

Another banker-turned-politician, Alan Dukes, now chairman designate of Anglo Irish Bank and who last week insisted he would cling on to his pension, received a combined pension in 2008 of €98,431. Last year that figure was €100,489. Mr Dukes earned €102,000 as a non-executive director of Anglo Irish Bank last year and is expected to see his salary increase to at least that of outgoing Anglo Irish executive chairman Donal O’Connor, who was paid €151,949 a year.

Recently retired EU Commissioner Charlie McCreevy, who is 60, was paid €125,404 in a combined pension in 2008 and €126,959 in 2009. His pension amounts don’t include his entitlements from his time in Brussels.

Former Tanaiste and PD leader Michael McDowell — who returned to the Law Library, where he is a senior counsel, after losing his seat — received a pension of €108,800 in 2008, which included a severance lump sum. Last year he received a reduced amount of €62,448.

A number of the country’s leading lawyers are also in receipt of significant state pensions. John L Murray, the current Chief Justice who is paid €295,915 a year, also received €71,465 in a pension in 2008 for his service as Attorney General.

Former AIB chairman Dermot Gleeson, who is a senior counsel and former Attorney General, received €49,841 in a state pension in 2008. This is in addition to the €203,000 he got for his duties at the State’s largest bank. He stepped down as chairman of AIB last year.

Another former Attorney General, Peter Sutherland, received a state pension of €51,538 in 2008, according to official figures. This is despite a current fortune of €128m.

Why should someone like Sutherland send his child to University and not pay fees?

alyuciao

Thanks ISAW for that...

but here is the start of the link....

http://www.thejournal.ie/government-pensions-fianna-fail-green-party-election-ireland-2011-03/

bamboozle

FG must target this as an area in desperate need of urgent and immediate reform.
if we are to have any chance of attacking the cost base of the public service our new govt will need to show leadership in reducing their own benefits.

Donal Og O Baelach

My Dad - 219/wk

ednwireland

bamboozle wrote: »

FG must target this as an area in desperate need of urgent and immediate reform.
if we are to have any chance of attacking the cost base of the public service our new govt will need to show leadership in reducing their own benefits.

the same fg+labour that voted for all the changes when they were introduced, i wont hold my breath

Mongarra

No real point in calling it "Name and shame". They have no shame.

belacqua_

bamboozle wrote: »

FG must target this as an area in desperate need of urgent and immediate reform.
if we are to have any chance of attacking the cost base of the public service our new govt will need to show leadership in reducing their own benefits.

The same Fine Gael who are led by a man who is going to take a full pension for a job he worked in for three years, a pension he contributed to with more taxpayers money? FF and FG are one in the same.

flutered

please change that to tax free entiltements and pensions.

ISAW

alyuciao wrote: »

Thanks ISAW for that...

but here is the start of the link....

http://www.thejournal.ie/government-pensions-fianna-fail-green-party-election-ireland-2011-03/

AFAIK enda Kenny has been collecting 40k a year since leaving office many years ago.
I assume Maire Goeoghan Quinn, BARRY DESMOND ETC. GET SIMILAR OR MORE. Oops sorry about caps. Even T K whittaker now in his ninties gets over 100k in pension.


But don't take your eye off the ball!
Yes a single mother may sponging of the state to the tune of 30k tax free a year but what about the house the state is paying rent for? It is now owned by NAMA and the guy who had it caused enough debt to pay for 100 years oif the single mother and her three kids!


http://www.examiner.ie/opinion/editorial/politicians-pensions--bank-deals-need-to-be-reviewed-118307.html

it is far less offensive than the idea that Michael Fingleton can waltz off to the cocktail lounge with a €27,000,000 pension pot and a €1,000,000 bonus taken from the bank he single-handedly destroyed and we will have to rescue.

Former Bank of Ireland boss Brian Goggin, enjoys a pension reportedly worth €650,000 a year – that’s €12,500 a week to play golf for presiding over the absolute decimation of shareholder value. Denis Casey, who quit Irish Life after the dirty dancing with Anglo Irish went public, got €4.5 million to keep body and soul together. Pat Neary, the former and ineffective financial regulator, resigned last year with a €630,000 payoff and a pension. Disgraced FÁS boss Rody Molloy got an €111,000 severance payment on top of full pension benefits. He also got a payment of €330,000, based on one-and-a-half times his annual salary into his pension. And he kept the company car.

The worst thing about this list is that it could go on and on: we all know who these people are and it is almost impossible to equate their rewards with their failures.

ISAW

flutered wrote: »

please change that to tax free entiltements and pensions.

Sorry but the income under Ministers pensions is taxable.

jmayo

nesf wrote: »

Link for backing up figures? Don't doubt you, just you should provide backup to such statements.

ISAW wrote: »

By DANIEL McCONNELL Chief Reporter
www.independent.ie
Sunday May 02 2010


Why should someone like Sutherland send his child to University and not pay fees?

Very good point and big reason why free university fees, just like medical cards for over 65s should never have been introduced for everyone.

ISAW wrote: »

...
Even T K whittaker now in his ninties gets over 100k in pension.

That is one of the few people who is probably worth it.

That guy had an untold influence on Ireland and Irish economics.

ISAW

jmayo wrote: »

That is one of the few people who is probably worth it.

That guy had an untold influence on Ireland and Irish economics.

I don't deny he is probably worth it but you cant make him an exception. Anyway he probably would be happy to have a massive cut - he is in his ninties for gods sake and has his mortgage paid.

I would suggest you have an asset valuation for a family. If you are worth more than say three million and have income of more than say 100k you get no pension. If your income drops you get the pension.

Any mortgage or loans owed gets deducted from your net value and any mortgage payments get deducted from your income amount. so if you live in a big 3M house and have not pad for it you still get the pension. If however you have additional land worth millions you might not get it. That goes also for your wife or anyone you live with So Gilmore's wife or Bertie's mistress ( bit not his wife unless he still owns her house) would get added on to their wealth for pension purposes. And you don't get it for another five years if a couple splits up after you retire. That will stop people pretending to break up so you can get the 100k pension.

bamboozle

belacqua_ wrote: »

The same Fine Gael who are led by a man who is going to take a full pension for a job he worked in for three years, a pension he contributed to with more taxpayers money? FF and FG are one in the same.

i thought Kenny said he was not going to claim that pension when pressed on it by Martin?

FG have said it in their election manifesto they want to clean up the cost of politics in ireland, its now up to us the electorate to continue to put pressure on them until this is done through the reduction of numbers of TD's (they have said they'll reduce by 20) a referendum on the existence of the seanand and a full reform of dail salaries & expenses.

Sir Oxman

Any movement towards stopping these gross rewards from the public purse for incompetence at a level never seen before by a relatively small band of amateurs (politicians/bankers/semi-dstate board directors etc) will be greeted by the usual 'these payments can't be stopped as there is an expectation of payment' blah blah.

Well, considering the country is in an unprecedented economic emergency, wouldn't there be an expectation that the country cannot afford to borrow money at high rates of interest to pay multi-million pension pots to those directly responsible for the mismanagement of a whole nation that has led us to where we are?

I would have thought a collective pair of balls and the overwhelming backing of the public alongwith hard evidence of negligence on behalf of these so-called leaders of society would be enough to reduce the parachute payments and double and triple pensions and the age that they are paid out.

belacqua_

bamboozle wrote: »

i thought Kenny said he was not going to claim that pension when pressed on it by Martin?

The last I had heard was that he was going to defer payment of his teaching pension, but if he's decided now that he was wrong and he won't be accepting an additional pension for his three year teaching career, then it's a point I'm happy to concede.

jmayo

ISAW wrote: »

I don't deny he is probably worth it but you cant make him an exception. Anyway he probably would be happy to have a massive cut - he is in his ninties for gods sake and has his mortgage paid.

I would suggest you have an asset valuation for a family. If you are worth more than say three million and have income of more than say 100k you get no pension. If your income drops you get the pension.

Any mortgage or loans owed gets deducted from your net value and any mortgage payments get deducted from your income amount. so if you live in a big 3M house and have not pad for it you still get the pension. If however you have additional land worth millions you might not get it. That goes also for your wife or anyone you live with So Gilmore's wife or Bertie's mistress ( bit not his wife unless he still owns her house) would get added on to their wealth for pension purposes. And you don't get it for another five years if a couple splits up after you retire. That will stop people pretending to break up so you can get the 100k pension.

You were right when you first said that nobody should be special, but then you go to make the point that it should be means tested.

I think there should be amount based on years served etc upto a top amount.
It should not depend on what your current situation is or how much wealth you have.
This is not a non contributory pension, even if like most public servants the contributiuons are minute in comparison to the pension.
Although that does lead to the whole issue of defined benefit pensions. :rolleyes:

If you served your time you get it, no ifs or buts based on how much of a mortgage you have or how lavish your lifestyle.

The other thing that should happen with all public sector pensions is they should not be linked to current pay rates which has meant everytime current public servants got a payrise through the likes of benchmarking, so did the pensioners who had once held thsoe jobs. :mad:

That was a bleedin joke and that is one reason why some of these pensions are ridiculous. :rolleyes:

flutered

flutered wrote: »

please change that to tax free entiltements and pensions.

did not the last finance bill change quite a lot of that.

jimmycrackcorm

Shouldn't the pension backlash not apply to everyone in the public service? As a private sector worker I could never achieve the equivalent pension terms as any public sector worker paid at the same level as myself unless I were to contribute two thirds of my income to my pension fund.