€940,000 in parachute payments for TDs that lost or resigned seats prior to election

This is a list of all payments made to outgoing TDs in the weeks following the general election, which was released following an FOI request to the Oireachtas.

These payments are made separate to the Oireachtas pension scheme, with which people are probably more familiar, and which has not kicked in for new members just yet.

The documents also include budget estimates for how much pensions are expected to cost over the next two years, around €10.7 million.

That will not be the full cost however, as ministerial pensions are paid by the Department of Finance.

These dissolution guidelines issued to TDs give a rundown of what has been happening over the last number of months to smooth the way for politicians back into civilian life.

There are three types of payments detailed in the document: termination lump sums, termination pay and sign-off payments on dissolution.

The highlights:

  • Over €680,000 paid out to 47 TDs in once-off termination lump sums. Average of around €14,500 dependent on length of service.
  • Around €257,000 in termination pay for the 47 TDs, an average of around €5,500. These payments can continue for up to twelve months dependent on whether the person is eligible for pension and their length of service.
  • 165 TDs paid almost €800,000 (average of €4,848) in a final sign-off payment to cover them from the date of dissolution until the general election. Paid to all members except for the Ceann Comhairle who retained his seat.

A version of this material appeared in an article in the Sunday Times at the weekend.

If you want to contact me about any FOI requests, or any other stories that you think are worth inquiring into, email me at ken.foxe@gmail.com

Any information will be treated in the strictest confidence. In an era in which public trust in journalism is being eroded: it’s important to restate that the identity of sources will never be revealed under any circumstances to anybody.

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