I've been searching and there's not much info on the matter.
Now back OT.
This is a good question and I'd also like an answer.
I read somewhere today that Ministers are entitled to both a pension (abet not 100% pension), and parachute payments after TWO YEARS in office. Is this true? If so Gormley will have entitlement to both the ministerial pension AND these parachute payments.
But I'm not sure and may be wrong on this. Does anyone know the detailed pension provisions and other entitlements of Ministers? Are there special provisions for Ministers who voluntarly step down?
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It is apparently,
Minister:
<2 years: 0
2-3 years: 25%
3-4 years: 27.5%
(and 2.5% for each additional year)
TD
<3 years: 0
>3 years: something (dunno the formula)
This means Ryan and Gormley have already achieved the 25% threshold.
The Green who were elected in 2007 need to stay in power until June to get a TD pension.
In fairness, it is pretty efficient. If you have 5 years in government and each Minister stays in power for 5 years, you get
2 Ministers @ 5 years: 25% + 3*2.5 = two 32.5% pensions = 65% of a ministers salary in total
If you swap ministers after 2 years, you have the potential to get
4 ministers @ 2 years: 25% each = four 25% pensions = 100% of a ministers salary in total
However, it looks like the Greens are planning for Ryan to have 32.5% and Gormley/other to have 25% pensions each.
But is there really much difference between the Greens swapping positions and BC having a cabinet reshuffle. Same end result really. I'm sure that FF have been pulling this s**t for years
Slip! Slop! Slap! Seek! Slide!
It has nothing to do with my view on the Greens.
It has everything to do with brain-dead gobsh1tes demeaning political debate by constantly harping about what politicians are paid.
The vast, vast majority of people who participate in the political system do so at a cost to themselves.
A demagogue is someone who will preach doctrines he knows to be untrue to men he knows to be idiots.