The man spearheading the investigation into Anglo Irish Bank, Paul Appleby (above), secured a bumper €300,000 pension deal by resigning as director of corporate enforcement the day before retiring from the civil service.
He went back to being a principal officer in the civil service for 24 hours before being re-appointed as the acting director for six months.
He was allowed to use his director’s salary of €150,712, rather than a principal officer’s rate of €92,672, to calculate his pension entitlements.
Appleby Quit One Day Early To Net €300k (Mary Regan, Irish Examiner)
(Laura Hutton/ Photocall Ireland)
Pat Neary. Financial regulator: €630,00 pay-off plus public service pension of almost €143,000 a year, €2,750 per week, for the rest of his life.
Kevin Cardiff, former General Secretary of The Department of Finance. Now a member of The European Court of Auditors on a gross salary of around €180,000 a year but a net salary of €140,000 due to the low tax rate on EU salaries. The post, which is normally for a period of six years, “also involves generous pension arrangements which amount to half salary for the three years immediately after serving in office and a pension of 26 per cent of salary after that”.
Earlier: My Work Here Is Done
Number of people charged.
Anglo Irish: 0
Irish Nationwide: 0
Corporate Enforcement’s Paul Appleby To Retire RTE)