So the architect of AIB's lending spree got a 900,000 handshake and now gets a 529,000 ANNUAL PENSION!
I had to take a step back when I read the pension figure and I started thinking about it, and here is my conclusion: GIVE IT TO ME.
No not all of it but if MoF Lenihan reads this then let me explain,
give me 1 years money ie. 529,000 and I will do the following
1 put it into a PTSB account, no taxpayer involvement,
2 draw an annual salary of 26,450 for 20 Years yes you read right 20 years!
3 I'd be off the live register.
4 No need for a medical card or free medication.
5 Taxable income of 2,200 per month.
2200 per month after tax PRSI etc about 1500, good money to put back into the economy, VAT to the government from all that I buy, and a feeling of worth and self respect returned. This would take me up to nearly 70 years old so I would then qualify for a pension based on my contributions, in my home that I will have paid for without having to be bailed out, my personal debits cleared.
All this for 20 years for the price of 1 criminally stupid bankers, who put profit before prudence, annual pension.
Even Lendahand must see 20 for 1 is a good deal.