The 15 Ministers of State will have pension entitlements at the end of this Dáil’s term that would cost €19,789,274 if bought in the marketplace today, according to further analysis of the value of the pensions of political office holders conducted by The Irish Times.
Fine Gael Minister of State for Small Business John Perry will have a pension entitlement that pension providers would charge €2.2 million for if he was to buy it at today’s prices. He will also be entitled to a lump sum of €125,107.
The next most expensive pension entitlement is that of Minister of State for Tourism and Sport, Michael Ring, whose pension would cost €2.16 million at today’s prices. He will also be entitled to a lump sum of €139,008.
Nice in theory. Even nicer in practice.