Fury over IMO former chief executive's pension

Sunnyisland

The President of the Irish Medical Organisation Dr Paul McKeown has said that he shares the fury of members about the controversial pension arrangements for outgoing chief executive George McNeice who retired just before Christmas.
He acknowledged that the €20 million entitlement accrued by Mr McNeice was a very, very large amount, but pointed out that the IMO had negotiated a reduction to €9.7 million.
IMO members are holding an extraordinary general meeting in Mullingar to discuss the controversy.
Members voiced anger at details of Mr McNeice retirement package as they arrived at the meeting, with some saying they were considering leaving the organisation.
He was earning around half a million euro a year at the time of his departure, with significant bonus payments.
Mr McNeice was also entitled to a lump sum of three times his annual salary - totalling €1.5 million.
IMO legal advice was that Mr NcNeice's contract was valid and enforceable - but following negotiations Mr McNeice agreed to halve his entitlements to a package worth €9.7 million.
The IMO has commissioned a full forensic audit of the IMO's finances.
Arriving for the meeting, IMO members described the pension arrangements as unacceptable excessive and bizarre.
Some are likely to seek a further investigation of the finances of the organisation.

http://www.rte.ie/news/2013/0112/imo-mcneice-pension.html








20 million renegotiated to 9,7 million wtf is going on here :mad: who do these CE think they are... soccer players.

SEPT 23 1989

Thats more than a 50% reduction

Ireland needs more of these patriots in her darkest hour

Czarcasm

realies wrote: »

who do these CE think they are.

From your own OP:

realies wrote: »

outgoing chief executive (of the Irish Medical Organisation) George McNeice who retired just before Christmas.

And one he has the money in his back pocket so to speak, there's not a whole hell of a lot anyone can do about it after the fact.

Sunnyisland

Czarcasm wrote: »

From your own OP:


I know who he is.




And one he has the money in his back pocket so to speak, there's not a whole hell of a lot anyone can do about it after the fact.

Why not ? He could be shamed into taking a future pension reduction,Its a ridiculous amount to be paying.


@ sept you are being sarcastic I take it.

Czarcasm

realies wrote: »

@ sept you are being sarcastic

Nah, that's me!

2Scoops

At least it is coming from the IMO coffers and not from state funds.

It might even be a good thing if it forces the bloated and impotent IMO to disband and allow doctors to join a different union.

Chinasea

Honestly, are we in Brunei?

steddyeddy

That's why I dont believe people who say the country's broke. It isn't, we just haven't got our priorities in order.

ilovesleep

Is that 20 million cut down to 9.7 million a bonus package on top of a yearly pension or is his pension included in that?

Someone mentioned above that taxpayers wouldn't have to fund that because the sum would come out from the funds that the IMO has.
Is the IMO the organisation that doctors have to register with and pay a yearly fine just to be registered, just to have to work?
(I think maybe it is).

If it is, that organisation or more so the fees that doctors have to pay into, is a money making racket.
I forget how much the fee is here in Ireland but I saw it somewhere and it was a large sum. The same organisation or similiar in the uk and they require isn't as high in the uk and there is another eu country where the fee is nothing, because that government requires their people to work. Why charge them extra to work?

Although taxpayers wouldn't have to pay that sum he is retireing on, we would have to indirectly because it will come through in the fees that doctors charge.

sam34

ilovesleep wrote: »

Is the IMO the organisation that doctors have to register with and pay a yearly fine just to be registered, just to have to work?

no, that's the medical council. you can't work as a doctor here unless registered with them, at a cost of €490 a year.

the IMO is basically a (very incompetent) union.

laoisdoc

Has anybody been to the IMO EGM in Mullingar?

Nodin

realies wrote: »

Why not ? He could be shamed into taking a future pension reduction,...........

In some different dimension, perhaps. Here, we might look to the example of Mr Michael Fingleton as to what to expect.

I'd be very interested to know how 500,000 a year was justified.

Pottler

Nodin wrote: »

In some different dimension, perhaps. Here, we might look to the example of Mr Michael Fingleton as to what to expect.

I'd be very interested to know how 500,000 a year was justified.

Very true. The old line "legally enforceable contract, nothing we can do, we will change in the future, feck off basically" will be trotted out, and the dance will go on. Broke, me hole.