A Host Of Golden Parachutes

at

This afternoon.

Freedom of Information sleuth, journalist with Right To Know and Noteworthy Ken Foxe tweetz:

Termination pay for TDs who lost their seats or didn’t run again in the last general election.

All told, around €586,000 in payments in termination lump sums and termination pay. This doesn’t include pensions, which haven’t kicked in yet.

Termination pay is payable for up to twelve months depending on how long a politician has served in the Oireachtas.

It’s calculated at 75% of salary in the beginning, falling to 50% after a certain amount of time.

Good times.

Here’s exactly how it works:

The figures were provided by the Houses of the Oireachtas in response to a Freedom of Information request from Right To Know.

It’s open to TDs to gift all or part of the payment back to the state. Such details aren’t provided under FOI and are considered personal information.

Jaykers.

Ken Foxe

12 thoughts on “A Host Of Golden Parachutes

  1. Bort

    Gerry Adams was a TD for 9 years, he gets 6k a month for 12 months. Plus 16k lump sum. 88 grand AND pension.

    Decent!

    Sinn Fein still paying him?

    1. Rob_G

      “Sinn Fein still paying him?”

      Silly question Bort, sure he’s paying them – doesn’t he only live on €36k per annum?

    2. GiggidyGoo

      Wait until you see Mickey Noonan’s pay-off once the multiple Dail pensions, and the teacher’s pension kick in.

      1. Otis Blue

        Except you don’t get redundancy when you retire or resign your position unlike Adams, Daly, Noonan, Murphy, etc.

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